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…
SVET Markets Weekly Update (December 11–15, 2023) On Week 50, the FOMC kept interest rates at 5.5% and projected slower rate hikes, boosting the Nasdaq and other major stock indexes to new highs. However, Global PMIs revealed a strong services sector and weaker manufacturing. Meanwhile, BTC and ETH investors exhibited hesitancy, as prices formed either bearish…
On Week 49 the Nasdaq and other major stock indexes gained on weak economic statistics, including a cooling labor market and a slowing manufacturing sector, reinforcing expected Fed easing. However, on Friday, the new BLS data reporting a 3.7% unemployment rate came as a surprise, leading to a mixed close. Meanwhile, BTC and ETH continued their rise,…
SVET Markets Weekly Update (November 27 — December 1, 2023) On Week 48, volatility has been prevalent across all markets, including the crypto. Nasdaq fluctuated, ranging between 14.1K and 14.5K. These up-and-downs are influenced by how traders interpret the numerous comments regularly issued by FOMC board members. Concurrently, BTC has a bullish push, approaching the 40K…