At-a-Glance
Today’s Top Highlights
Markets are mixed across asset classes on the day after a few major earnings calls after the close yesterday. The Nasdaq, S&P and Russell all traded lower today led by the Nasdaq being down over 1%, but the Nasdaq and S&P both recorded a new all time high price before the selling. Gold and Silver both traded higher today after seeing a stretch of selling days after reaching new all time highs. The crypto market was the most volatile on the day with Bitcoin futures falling over 3% on the day and the Solana market falling over 6%.
The Crypto market has seen continued selling pressure after reaching new all time high prices on October 6th. Bitcoin futures are now $20,000 off the all time high price and have failed at any attempt to move to the upside. There is still a lot of uncertainty in the market with the government shutdown continuing with no clear end in sight causing the lack of general reporting on the economy. Traders are expecting to see Core PCE numbers tomorrow which can have a big impact on the volatility and is also the Fed’s primary indicator for inflation along with more earnings after the close today.
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