The US President’s comments regarding potentially firing Fed Chair Jerome Powell sparked market volatility. The initial reaction was swift, with the dollar and stocks tumbling, but the market later showed resilience with the S&P 500 rising. Strong US bank earnings and mixed inflation signals added to the complex picture. Global trade tensions weighed on European stocks, with shares of ASML and Renault plunging, while in Asia, TSMC came out with strong results. Manuel Villegas, Next Generation Research, provides some impressive numbers behind Bitcoin’s march to a new all-time high.
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