Equity markets continued their positive momentum, marking another week of gains since the rally began at the end of October 2023, buoyed by diminishing economic concerns.
The Federal Reserve’s preferred measure of inflation, the Personal Consumption Expenditure price index, fell as expected in January, allaying fears of a fresh acceleration.
The Nasdaq 100, as tracked by the Invesco QQQ Trust (NASDAQ:QQQ), soared past the 18,300 mark to achieve an unprecedented high. The S&P 500, as monitored through the SPDR S&P 500 ETF Trust (NYSE:SPY), surged above 5,100 points, also hitting record highs.
The majority of S&P 500 companies reported their quarterly results: 73% exceeded earnings-per-share expectations and 64% beat revenue projections.
Bitcoin (CRYPTO: BTC) once again captured the market’s spotlight by surpassing $60,000, marking its strongest performing week since March 2023.
NYCB Stock Plummets
Musk Sues OpenAI
Bitcoin ETFs Surge
February's Standout ETFs
February saw a $40 billion investment in 10 ETFs. This significant capital allocation spans equities, Treasury bonds, and Bitcoin.
Bubble Debate Insights
Apple Conviction Dropped
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