At-a-Glance
Key Takeaways with Craig
Markets across the board are seeing a bit of a mix today off of some critical economic reports released today. The GDP report came in better than expected while Initial Jobless Claims came in slightly worse than expected. The equity markets traded slightly higher and near unchanged with the S&P leading the way higher, and precious metals also saw strength today with Gold and Silver both showing positive gains.
Outside of the equities and precious metals, the Crypto markets are seeing a mixed day as well, with Bitcoin and Solana trading slightly lower while the Ether and XRP markets are seeing gains above 1%. Bitcoin did hit a new all time high last week on Thursday at $112,345, and the market has traded lower as traders digest this new all time high level. Wrapping up the week, traders will see data for Core PCE along with Chicago PMI data tomorrow that could spark some volatility as we head into the weekend.
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