Evernomics (SVET Rating)

On Friday, equities rose to record highs once again, driven by optimism over Trump’s victory, a Fed interest rate cut, and surging consumer sentiment. The S&P surpassed 6,000, while the Dow reached 44,000 for the first time. Tesla's stock surged more than 8% after achieving a $1 trillion valuation. For the week, the S&P and Dow increased by almost 5%. The dollar is up while oil is down as gold holds. EU stocks fell due to a massive shift of capital to the other side of the Atlantic. The CCP revealed a plan to reduce China’s municipal debt from CNY 14 trillion to CNY 2 trillion over the next five years. Brazilian inflation continues to accelerate, and Italian manufacturing hit a year low. BTC and ETH continue to rise, with BTC testing $77K and ETH, which has seen drastic growth since the election, standing just below $3K for the first time in four months. #crypto #cryptocurrency #bitcoin #exchange #assets #investing #cryptonews #market #trading #blockchain #ethereum #token #analytics #Markets #Finance #Economy #Business #Evernomics #Svetrating Full text: https://lnkd.in/gFkxPJir

On Thursday, equities rose, extending the post-election rally. The tech sector led the gains, fueled by the Fed's 25 basis points rate cut and hopes for reduced regulation under Trump's administration. However, bank and financial services stocks declined due to concerns about potentially higher interest rates and increased fiscal deficits. Gold, oil, and the dollar stabilized. The Eurozone construction sector continued to contract, while the Argentine manufacturing sector's decline slowed. BTC and ETH are in deep green, with ETH leading the charge for the first time in almost half a year with a 6% gain. #crypto #cryptocurrency #bitcoin #exchange #assets #investing #cryptonews #market #trading #blockchain #ethereum #token #analytics #Markets #Finance #Economy #Business #Evernomics #Svetrating Full text: https://lnkd.in/g3zfTQUJ

On Wednesday, stock futures remained steady following a significant rally spurred by Trump's victory. Major indices reached record highs, with the Dow, S&P, and Nasdaq gaining 3-4%. The small-cap Russell 2000 surged over 5%. Investor optimism centered on anticipated pro-business policies under a second Trump administration, bolstering sectors like financials, energy, and industrials. Meanwhile, megacap tech stocks thrived, while renewable energy and Chinese companies lagged. The dollar is up, while gold, silver, and oil are down. Brazil's Central Bank hiked its rate for the second time this year amid resurging inflation. BTC has continuously reached new ATHs as more money poured into risk-on assets, driven by traders' anticipation of Trump's pro-crypto reforms. Even ETH outperformed, surging more than 10% to $2.7K. #crypto #cryptocurrency #bitcoin #exchange #assets #investing #cryptonews #market #trading #blockchain #ethereum #token #analytics #Markets #Finance #Economy #Business #Evernomics #Svetrating Full text: https://lnkd.in/g_4y_zag

On Tuesday, stock futures rose as election results began to emerge. Harris is expected to win Vermont, while Trump is projected to take Kentucky, Indiana, and West Virginia. Investors are also watching the balance of power in Congress, which may affect spending and tax policies. Additionally, markets anticipate a 25 basis point rate cut from the Fed. In regular trading, the Dow, the S&P, and the Nasdaq increased by 1-2%, with strong gains across all sectors. Gold held steady while oil and the Mexican peso rose due to global political uncertainties. Economic activity in key EU member countries continues to slow down. BTC is surging over $70K on expectations of Trump's victory, leaving ETH far behind at $2.5K. #crypto #cryptocurrency #bitcoin #exchange #assets #investing #cryptonews #market #trading #blockchain #ethereum #token #analytics #Markets #Finance #Economy #Business #Evernomics #Svetrating Full text: https://lnkd.in/gm96Eu8Z

On Monday, equities fell amid a weakening manufacturing sector, with major tech stocks leading the decline as some traders exited the markets prior to the elections. However, after-hours trading presented a mixed picture. Palantir soared on strong earnings, while NXP Semiconductor plunged due to a weak outlook amid broader economic concerns. The dollar and gas prices fell, while gold rose as uncertainties continued to prevail. BTC (66K) and ETH (2.4K) are down but remain stable. #crypto #cryptocurrency #bitcoin #exchange #assets #investing #cryptonews #market #trading #blockchain #ethereum #token #analytics #Markets #Finance #Economy #Business #Evernomics #Svetrating Full text: https://lnkd.in/gwsJmvge

On Friday, stocks closed higher, with Amazon and Intel leading the gains after strong earnings. A weak jobs report, the upcoming Fed meeting, and the election added uncertainty. Oil prices increased again due to tensions in the Middle East, while China's manufacturing prospects improved on stimulus measures. BTC and ETH remained unchanged, sitting just below $70K and above $2.6K, respectively, after a sharp correction over the previous two days as some traders locked in profits ahead of the elections. #crypto #cryptocurrency #bitcoin #exchange #assets #investing #cryptonews #market #trading #blockchain #ethereum #token #analytics #Markets #Finance #Economy #Business #Evernomics #Svetrating Full text: https://lnkd.in/g6NbCncS

On Thursday, stocks closed sharply lower, led by tech stocks. Disappointing earnings from Microsoft and Meta, coupled with concerns about AI costs, pressured the market. A strong labor market and rising inflation also dampened hopes for Fed rate cuts. Europe's unemployment rate is at a historical low, with production still sliding down and inflation picking up. BTC tumbled below $70K on profit-taking before the elections, while ETH is frozen within its $2.4K-$2.6K range due to a lack of trader attention. Other crypto news: 'Crypto's not going anywhere,' says Florida CFO. #crypto #cryptocurrency #bitcoin #exchange #assets #investing #cryptonews #market #trading #blockchain #ethereum #token #analytics #Markets #Finance #Economy #Business #Evernomics #Svetrating Full text: https://lnkd.in/gWhWarCS

On Wednesday, stocks closed lower as investors digested mixed corporate earnings and economic data. Tech stocks were uncertain, with Nvidia and AMD declining, while Alphabet rose. Slower GDP growth and a strong labor market tempered hopes for Fed rate cuts. Investors are awaiting earnings from Meta, Microsoft, Apple, and Amazon. In the EU, inflation is accelerating as economic growth continues to slow down, exacerbating stagflationary expectations. BTC has corrected slightly but is still holding above $72K, while ETH sits at $2.6K. #crypto #cryptocurrency #bitcoin #exchange #assets #investing #cryptonews #market #trading #blockchain #ethereum #token #analytics #Markets #Finance #Economy #Business #Evernomics #Svetrating Full text: https://lnkd.in/gdn6SHNx

On Monday, stocks closed higher while investors await job openings and labor turnover data. Apple, Amazon, Meta, Microsoft, and Alphabet are set to report earnings. Gold is up due to geopolitical factors. Japan's unemployment rate dropped to a two-year low. BTC surged above $70K, driven by strong inflows into BTC ETFs and expectations of a Trump victory. ETH, still at $2.6K, is drastically underperforming. #crypto #cryptocurrency #bitcoin #exchange #assets #investing #cryptonews #market #trading #blockchain #ethereum #token #analytics #Markets #Finance #Economy #Business #Evernomics #Svetrating Full text: https://lnkd.in/gBtnxfSV

On Week 43, equities closed mixed, with the Nasdaq finishing slightly in the green while the SP and Dow both declined. This divergence can be attributed to the mixed macroeconomic landscape. Manufacturing continues to decline, albeit at a slower pace, as indicated by the less pessimistic readings from the Richmond Manufacturing Index. While building permits have fallen, the consumer sentiment index has risen. Additionally, the dollar index decreased after reaching three-month highs. On a global scale, the economic picture mirrors this mixed sentiment, with a continued slowdown but at a more measured pace. The IMF has revised its global growth forecast for 2025 down to 3.2%. However, consumer confidence in the Euro Area has increased. The Japanese yen has weakened slightly, approaching a critical level that could prompt intervention from the BoJ again. Meanwhile, the Mexican peso has continued to decline amid intensifying concerns over the automotive sector, exacerbated by Trump’s threats of steep tariffs on Mexican cars. In China, the offshore yuan has stabilized, reflecting subdued market reactions to the PBoC’s recent monetary easing measures, while foreign direct investment has shown a slight improvement. In the cryptocurrency market, BTC is making attempts to reach its ATH, driven by a surge in demand for spot BTC ETFs, which has reached its highest level since the halving in April, coinciding with Trump’s favorable polling. ETH remains stuck in the $2.4K to $2.6K range, facing a lack of investor interest. #crypto #cryptocurrency #bitcoin #exchange #assets #investing #cryptonews #market #trading #blockchain #ethereum #token #analytics #Markets #Finance #Economy #Business #Evernomics #Svetrating Full text: https://lnkd.in/gFg97DCW