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Thursday's Markets Update
$BTC and $ETH were stopped short in their post-Germany-dump recovery by the abrupt selloffs on the Street.
Stocks were in deep red with Nasdaq and S&P crashing in a classic WS move of 'selling the news' on an unexpected drop in the core inflation rate, which factually supports mounting public voices, including senatorial ones, for the Fed's urgent rate cut. With that, the Dow surged as traders favored traditional stocks over tech, as concerns rose about tech earnings.
In world markets, gold jumped, nearing an ATH as the dollar weakened, following increasingly dovish statements from Powell and growing disarray in the DEM's presidential campaign.
Source:
✅https://t.co/jHjNyyCB2I
✅https://t.co/jQ6Ea07059