Major US indices were mixed following a more hawkish than expected Fed statement this week. Nasdaq brushed off the Fed hawkishness relatively fast. Gold didn’t.
Lordstown on the other hand fell again on news that there are no binding orders and could be on its way to become a new Theranos.
Else, the market has a deeper exposure to meme stocks than you think as many popular ETFs have GameStop, AMC, and other meme stocks in their portfolio.
And Bitcoin’s latest positive push remained short of the 200-day moving average resistance. What’s next for Bitcoin?
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
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