Investors are focused on this week’s announcements from several major global central banks, but we believe the earnings reports will be at least as important. We saw some cracks in the tech sector last week, so we’ll be watching this week’s earnings report from tech land very closely this week.
Bitcoin has broken slightly below its one-month sideways range. It will need more downside follow-through to confirm the breakdown, but it’s something to keep an eye on this week. If it becomes a more meaningful “break,” it’s going to disappoint many bulls…who thought the ETF filing by BlackRock would lead to a significant breakout in this asset class.
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