📈Updated the recent high and even managed to reach the psychological milestone of 50K, but it has not been broken through yet, and this is crucial!
❗️The current movement still constitutes the second test of the -27% Fibonacci zone. To continue the upward trend, it is necessary, at a minimum, to surpass the 51K level, and ideally, firmly establish above it.
⚠️Today, data on the Consumer Price Index (CPI) in the US is being released — an important indicator in measuring inflation. The Federal Reserve's further course regarding monetary policy will depend on this data. If things go poorly, the market will react accordingly — with a BTC bounce from the -27% Fibonacci zone and a decline.
Therefore, it's better to make trading decisions based on these indicators. Let's observe; the data will be released today at 16:30 MSK. Forecast — 2.9%, current indicators — 3.4%.
Bitcoin dominance: 53.94%; Fear and Greed Index: 79 (extreme greed); Altcoin Season Index: 47; Market capitalization: $1.82 trillion.
📈Updated the recent high and even managed to reach the psychological milestone of 50K, but it has not been broken through yet, and this is crucial!
❗️The current movement still constitutes the second test of the -27% Fibonacci zone. To continue the upward trend, it is necessary, at a minimum, to surpass the 51K level, and ideally, firmly establish above it.
⚠️Today, data on the Consumer Price Index (CPI) in the US is being released — an important indicator in measuring inflation. The Federal Reserve's further course regarding monetary policy will depend on this data. If things go poorly, the market will react accordingly — with a BTC bounce from the -27% Fibonacci zone and a decline.
Therefore, it's better to make trading decisions based on these indicators. Let's observe; the data will be released today at 16:30 MSK. Forecast — 2.9%, current indicators — 3.4%.
Bitcoin dominance: 53.94%; Fear and Greed Index: 79 (extreme greed); Altcoin Season Index: 47; Market capitalization: $1.82 trillion.
Spiking bond yields driving sharp losses in tech stocks
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year.
A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
That strategy is the acquisition of a value-priced company by a growth company. Using the growth company's higher-priced stock for the acquisition can produce outsized revenue and earnings growth. Even better is the use of cash, particularly in a growth period when financial aggressiveness is accepted and even positively viewed.he key public rationale behind this strategy is synergy - the 1+1=3 view. In many cases, synergy does occur and is valuable. However, in other cases, particularly as the strategy gains popularity, it doesn't. Joining two different organizations, workforces and cultures is a challenge. Simply putting two separate organizations together necessarily creates disruptions and conflicts that can undermine both operations.
