Poseidon Network

$QQQ

All eyes turned to Jackson Hole this morning as Jerome Powell says the Fed will ‘proceed carefully’ on any further rate rises this year. Futures pricing imply that investors see a near-50% chance of another hike by year end. Ahead of Powell's much-awaited speech, markets opened higher before retracing to flat relative to yesterday's close after the speech. SPX and QQQ are both down by 0.1%, while yields on the US10Y...

Amidst record-high bond yields, large tech stocks led market indexes higher on the week's open. The US30Y is at its highest levels since 2011, yielding 4.46%, while the US10Y is at its highest levels since 2007, yielding 4.34%. SPX (+0.15%) and QQQ (+0.71%) opened higher before retracing to nearly flat at time of writing, with tech stocks leading the majority of the open's gains. BTC -2.56%  (+0.0%) and ETH -1.25%  (+0.1%) have also...

Despite yield reversal on bonds, equities market continue their retracement. Yields on the US10Y retraced 0.11% to 4.23% after peaking midday yesterday at decade-plus highs. Equities markets followed suit to reflect surging borrowing costs on future earnings, with the SPX and QQQ retracing 0.4% and 0.5%, respectively. Yesterday's bloodbath in crypto markets also continued, with BTC -2.56%  and ETH -1.25%  slipping by 7.4% and 6.1% in the past day. This move down has...

Traditional equity indices are continuing this week's decline, with the SPY 0.00%  and QQQ both down over 0.40%. The minutes from the last FOMC meeting are to be released at 2:00 PM EST today, which should shed some light on what the Fed thinks about inflation and the likelihood of another rate hike in September. The market is currently pricing the probability of a September hike at 11.5%. BTC -2.56%  (-0.43%) and...

Equity indices are declining today on higher-than-expected PPI data for July. The SPY 0.00%  and QQQ have fallen 0.24% and 0.88%, respectively, while U.S. Treasury yields have risen across the board. Crypto markets are faring better, with BTC -2.56%  (+0.17%) trading near $29.5k and ETH -1.25%  (+0.12%) hovering around $1,850. Rocket Pool (RPL -5.42% ) has been a strong performer over the last three trading days, rising 11.30% after Coinbase announced a strategic investment in...

Inflation ticked up in July but modest price increases likely deter Fed from raising rates in September. CPI rose 3.2% YoY (vs. 3% in June), while core CPI rose by 4.7% (vs. 4.8% in June). Monthly figures painted a rosier picture, with both core CPI and CPI rising a mild 0.2% in both months. Markets reacted positively on the news at open, with SPX and QQQ both opening higher before retracing...

Traditional markets rebound after posting a loss last week as investors look to Thursday's CPI print for clues as to whether the Fed will continue to raise rates. SPX and QQQ are trading at 0.6% and 0.2% higher than Friday's close, while earnings reports are set to roll in for the worst quarter since 2020. Digital asset markets seem to be breaking correlation from traditional markets, with BTC -2.56%  (-0.9%) breaking down...

Equities and bond markets have extended recent losses from increased borrowing by the US. SPX and QQQ retraced by 0.3% and 0.2%, respectively, while the US10Y edges close to November highs at 4.2%. Apart from increased issuance in longer-term treasuries, the rise in bond yields have also been spurred by America's credit downgrade and a decline in corporate profits. BTC -2.56%  and ETH -1.25%  have experienced slight gains from yesterday's bearish daily engulfing,...

Traditional markets are flat on July's final trading day, ahead of a busy week of earnings. While SPX and QQQ are flat since open, they are poised for a fifth consecutive month of rises - the longest winning streak for each index since 2021. The jobs report due Friday is also expected to show ongoing strength in the labor market (200k July consensus vs 209k in June). BTC -2.56%  and ETH -1.25%  have...

Equity indices are slumping following a negative reaction to technology earnings and lower than expected jobless claims. The technology-oriented QQQ is leading the decline, having fallen 1.52% at the time of writing, while the SPY 0.00%  has fallen 0.36%. The DXY (+0.65%) and U.S. Treasury yields are rising today as the market is repricing the odds of an additional rate hike as the labor market continues to show its resilience. Crypto...