Plus, Snap Inc. disappoints with its guidance as Apple lets users opt out of being tracked by individual apps.
For some reason, the fortunes of the Nasdaq 100 and interest rates have become intertwined.
I have had some real success playing volatile names ahead of news events from the short-side, but this is not something I would recommend for newer traders.
Let's check out the Fed's two big goals for action -- higher inflation and maximum employment -- to see what we can realistically expect.
While cryptocurrencies are indeed an asset class, and they are divisible, they do not serve as a medium of exchange, and remain unproven as a store of value.
From higher apartment rental rates to ongoing supply chain issues, there are reasons to believe rising prices are anything but transitory.
While supply-chain constraints are a global problem, consumer-level inflation is not yet as broad a problem, or at least not evenly distributed.
It is still early, but the character of the market action shifted on Wednesday, and the potential for a new uptrend is increasing.
The consumer price index surprises to the upside and the Fed meeting minutes are out. Here's my take on both.
The real issue is that they don't know and are just hoping that "inflation is transitory".