Strong market performance for the US indices and cryptocurrencies

Strong market performance for the US indices and cryptocurrencies

It’s been a challenging year for the markets, but the policies adopted so far allowed them to reach new highs

US Indices and the US 10-year Bond

Markets started to recover from the pandemic-era lows. As the COVID-19-related restrictions began to relax, the economy started to reopen, with prices jumping as demand recovers. Also, more than half of the States adult population has been vaccinated, allowing a broader economic re-engagement. The weekly jobless report from the Department of Labor showed that the number of people who filed for unemployment continued to drop in the past six weeks, reaching 376,000.

The markets didn’t fail to show the progress made. Since the beginning of the year, Nasdaq gained 9.16%, while USA30 added 12.65%. USA500 gained the most – 13.08%. Moreover, the TNote10 reached 1.453%, marking a 53.4 bps (basis points) as investors seem to be relaxed about inflation concerns, which spooked rates in late March.

However, the US stocks are hovering near record levels, boosted by a mix of rebounding economic activity and corporate profits, as well as the ongoing monetary policy. The duration of this policy will come into focus this week, with the Federal Reserve’s decision and press conference on Wednesday. Market participants will monitor whether and when the central bank might start rolling back its crisis-era policies.

Bitcoin and Ethereum

So far, this year has been a rollercoaster for Bitcoin, and by extension, for the other cryptos. After being accepted and later refused as a payment method by Tesla, the coin took another hit. China and the US asked for tighter regulation and tax compliance to protect the financial system.

Now, things seem to have taken another turn for cryptocurrencies. Elon Musk announced that his company would accept Bitcoin again if crypto miners use more clean energy to tackle climate change. Since the beginning of the year, the world’s most famous cryptocurrency gained 34.15%, currently trading at more than $39,320. At the same time, Ethereum, the second-largest cryptocurrency globally, gained 241.49%, trading $2,487 at the moment of writing.

Sources: morningbrew.com, coindesk.com, finance.yahoo.com

Die hier präsentierten Informationen wurden von CAPEX.com erstellt und sind nicht als Investitionsberatung gedacht. Die hierin enthaltenen Informationen werden als allgemeine Marketingmitteilung nur zu Informationszwecken bereitgestellt. Als solche wurden sie nicht in Verbindung mit gesetzlichen Bestimmungen zur Förderung der Unabhängigkeit des Investment Research erstellt. Sie unterliegen nicht dem Verbot, vor der Verbreitung eines Investment Research gehandelt zu werden.

Die Benutzer / Die Leser sollten sich nicht nur auf die hier präsentierten Informationen verlassen und sollten ihre eigene Forschung / Analyse durchführen, indem sie auch die eigentliche zugrunde liegende Forschung lesen.Der Inhalt ist dabei generisch und wird nicht die individuelle persönliche Umstände,Anlageerfahrungen oder die aktuelle finanzielle Situationen berücksichtigten.

Daher übernimmt Key Way Investments Ltd keine Haftung für Verluste von Händlern aufgrund der Verwendung und des Inhalts der hierin enthaltenen Informationen. Die Wertentwicklung der Vergangenheit ist kein verlässlicher Indikator für zukünftige Ergebnisse.