News / Uncategorized
[Platinum Insights] (6.8.23)
[Platinum Insights] (6.8.23)
August 22, 2023
Good morning.
U.S. stock index futures were largely flat on Thursday as government bond yields hovered near recent highs on worries that major central banks could keep raising interest rates, after the Bank of Canada (BoC) surprised markets with an interest rate hike.
The Russell 2000 index of small-cap companies rallied 1.8% to a three-month closing high on Wednesday, as investors rotated out of growth stocks. The Dow Jones transports index notched a six-week high, while the KBW Regional Banking index closed at a more than two-month peak.
The SEC on Tuesday alleged Coinbase traded at least 13 crypto assets that are securities that should have been registered, while on Monday it also accused Binance, the world’s largest cryptocurrency exchange, of offering 12 cryptocurrency coins without registering them as securities.
WTI crude futures moved above $73 per barrel. Gold traded around $1,950 an ounce while the yield on the US 10-year Treasury note has risen to 3.8%, approaching levels not seen in three months.
The 4,300 level on the S&P 500 will be key for the market as investors weigh whether Wall Street’s recent rally can continue. On Wednesday, the broader market index reached a high of 4,299.19. The S&P 500 hasn’t traded above that level since mid-August.
Have a great day!
Share this article:
More in Uncategorized:
Hedge funds and banks typically use multiple time frames for intraday trading
Hedge funds and banks typically use multiple time frames for intraday trading, as this allows them to gain a comprehensive...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
August 30, 2024
Nvidia Earnings Call: A Record Quarter with a Twist
Nvidia’s Q2 earnings call was a mixed bag, with the company reporting a record quarter but also revealing a drop...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 29, 2024
Nvidia Earnings: A Critical Moment for Big Tech
As we approach Nvidia’s earnings report, the tech world holds its breath. This isn’t just about one company’s performance; it’s...
![Trent Grinkmeyer in front of stock market with bull background](https://bestofusinvestors.com/uploads/2023/06/trent-e1687263019450-300x300.webp)
Trent Grinkmeyer
August 28, 2024
The Sleeping Giant: Why Intel is an Undervalued Stock
As the world’s largest semiconductor company, Intel (INTC) has long been a household name in the tech industry. However, despite...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 23, 2024
The Trillion Dollar Addiction...
The Trillion Dollar Addiction That Amazon, Google, Meta and Microsoft Will Be Selling Next Year As I discussed in my...
![Kerry Grinkmeyer in a suit standing in front of a stock chart with a bull on it](https://bestofusinvestors.com/uploads/2023/07/kerry-300x300.webp)
Kerry Grinkmeyer
August 19, 2024
What is an AI Agent? What Can It Do For You? Where Can You Get One?
As I discussed with my tribe during our recent stock talk, I’m excited to share with you the concept of...
[Platinum Insights] (6.8.23)
August 18, 2024