This past week in the global markets was nothing short of intense. With the escalating tensions between Russia and Ukraine, investors turned to safe-haven assets, leading to a sharp rise in gold from $2,580 to $2,670. Meanwhile, oil prices were also on the move, nearing the $70.40 mark. Yet, it was Bitcoin that caught everyone’s attention, as its value approached the highly anticipated $100,000 milestone, largely driven by strong adoption of ETFs.
In spite of ongoing geopolitical concerns and a disappointing earnings report from Target, the U.S. stock market displayed remarkable resilience. The S&P 500 managed to climb higher, buoyed by a significant surge from Tesla early in the week and a noticeable strength in small-cap stocks. Bond yields, on the other hand, experienced some volatility as traders processed the Federal Reserve’s less dovish comments alongside robust economic data.
### This Article Is For Premium Members Only
Join our community of Premium members and gain full access to our website, which includes:
– An ad-free experience
– Daily strategies for short-term actions
– Guides on trading high-impact economic events
– Exclusive access to special MarketMilk™ sections
And much more!
