FOMO and TINA fuel equity gains [Video]

Ipek Ozkardeskaya Swissquote Bank Ltd

Market sentiment is mixed, as investors don’t know what to do with the latest economic data and their Federal Reserve (Fed) expectations these days. Released yesterday, the US retail sales data surprised with an unexpected 0.7% rise in August versus a 0.8% decline penciled in. Stronger than expected data seemed to have fueled Fed tapering expectations rather than the bulls’ appetite.

Ford gained, as well, on high demand for its F-150 truck, while Palantir jumped 6% on successfully teaming up with Wejo.

AMC Entertainment couldn’t convince investors that accepting cryptocurrencies would add value to its business in the future.

Meanwhile, cryptocurrencies remain on track for further gains this weekend, as Bitcoin should be further backed by a recent golden cross formation.

Author

Ipek Ozkardeskaya

Swissquote Bank Ltd

Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.

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