SVET Markets Weekly Update – February 19–23, 2024 On Week 8, Wall Street rallied on hopes for AI, with major world indexes following. Chinese markets were re-energized after the Lunar New Year break. Cocoa continued its unprecedented price rally. The crypto market was mostly flat, with BTC and ETH holding their two-year high levels. Monday…
SVET Markets Weekly Update February 12th–16th, 2024 On Week 7, monthly inflation rose higher than expected, but the economy continued to show signs of slowing down, confusing traders and leading to a sideways move on stock markets. The Euro Area economy stagnated, while Japan entered a recession. Oil prices increased due to geopolitical tensions and…
SVET Markets Weekly Update (February 5–9, 2024) Summary: During Week 6, major stock indexes reached ATH with the S&P 500 marking 14 consecutive weeks of gains, a 50-year unprecedented record. Commodities, including oil, gold, and coffee, were on the rise due to the developing Middle East situation. Crypto markets rebounded with major alts leading the…
SVET Markets Weekly Update – Jan 29 — February 2, 2024 On Week 5, the Fed kept the rate unchanged at 5.5%, but hinted at no cuts in March. This didn’t stop the stock market from reaching ATH on all major indexes, with Meta showing a record 20% growth during one day. Simultaneously, manufacturing activity…
SVET Markets Weekly Update Jan 22–26, 2024 During Week 4, the economy expanded by 3.3%, and core PCE prices rose by 2.9% year-on-year — the lowest in three years — while Wall Street’s major indices hit record highs. On the global stage, European stocks rose to a five-week high on strong earnings, but the ECB’s…
SVET Markets Weekly Update – Jan 15th–19th 2024 On Week 3, the major stock indexes rallied, most reaching all-time highs, driven by the continued outperformance of the technology sector. Traders maintained optimism despite increasingly bearish comments from FOMC members, anticipating the expected Fed rate hikes. In contrast, EU markets slowed down due to hawkish remarks…
SVET Markets Weekly Update – January 8th–12th 2024 On Week 2, On Wednesday, the SEC approved 11 Bitcoin spot ETFs, which was followed by BTC sell-off within the next two days and by ETH soaring to $2.7K on traders’ expectations of an SEC-approved spot Ethereum ETF. On the macroeconomic side, the inflation rate rose to…
SVET Markets Weekly Update – January 02–05, 2024 On Week 1, the Nasdaq and S&P closed 1.8% and 3.8% lower, respectively, while the Dow Jones was down 0.7%. Meanwhile, BTC initially rose sharply, breaking the 45K barrier, but later stumbled due to massive profit-taking, leading to a downturn in the entire crypto market, with some…
SVET Markets Weekly Update – December 26th–29th, 2023 On Week 52, the world’s markets corrected slightly on profit-taking. However, on a yearly basis, almost all major indexes globally recorded record gains, except in China, where the Shanghai Composite and Shenzhen Component declined by 3.7% and 13.5% YoY. The S&P 500 added 24.7%, the Dow gained…
SVET Markets Weekly Update – December 18th–22nd, 2023 On Week 51, the Nasdaq, along with other major stock indexes, extended its rally into an eighth consecutive week of remarkable growth, driven by traders’ expectations of multiple interest rate cuts by the Federal Reserve in 2024. Macroeconomic data revealed that the economy expanded by 4.9% annually in the third quarter, which…