Markets
Here are today’s market moves:
S&P 500 up 0.15% to 4,079.95
Dow Jones up 0.05% to 33,446.26
Nasdaq down 0.07% to 13,688.84
Bitcoin: $56,452
US10Y: 1.676%
Gold: $1,736
What Happened?
There is perhaps no greater demonstration of how broken our education system is than our abject failure to teach financial literacy in our classrooms.
Are we in the market cycle high?
No.
When the market reaches its peak, everyone deposits BTC to exchanges to sell. # of inflow addresses across all exchanges was at its highest in 2018 Jan, while it hit a three-year low a few days ago.
People are holding, not selling $BTC.
This Week
Tuesday: Earnings expected from Paychex.
Wednesday: Earnings expected from Lamb Weston.
Thursday: Earnings expected from Levi Strauss, Constellation Brands, and Conagra Brands; Weekly jobless claims.
Friday: Earnings expected from JinkoSolar.