Stock index futures are trading down over 1% so far Thursday as investor optimism is being kept in check by the possibility that the Federal Reserve will keep interest rates higher for longer as we head deeper into the new year. This fear has caused the S&P 500 to drop 20% from its record close last year.
Gita Gopinath, of the International Monetary Fund, agrees with the Federal Reserve's approach to inflation, as reflected in the minutes from their December meeting, stating that the Fed was correct to "stay the course" as U.S. inflation has not yet stabilized.
Investors will be paying close attention to job reports in the next two days, including the ADP private sector employment survey and the December non-farm payroll report, for clues about the state of the economy. Technical analysts are also wary of recent market movements, as the December "Santa Claus Rally" didn't show up for the financial markets towards the end of 2022.
As an investor, it is important to regularly review and assess your portfolio to ensure that it is properly diversified. This becomes especially important when there are significant events that may move markets, such as interest rate hikes and jobs data. While it is natural to want to focus on the assets that are performing well in the short term, it is crucial to also consider the long-term health of your portfolio. The following five cryptocurrencies are the best cryptos to buy today based on their strong fundamentals and technicals.
Fight Out, an upcoming move-to-earn platform and gym chain is changing the fitness app world with their innovative smart technology. The app will offer individualized workouts tailored to each user's needs as well as ongoing feedback on performance tracking. It will
Read more on cryptonews.com