Jan 9, 2024
While most areas of financial markets are lower one week into the new year, bitcoin is already up double-digit percentage points. Since bottoming in late 2022, bitcoin has now rallied just under 200%, and as shown in the chart below, its price is starting to get back up to levels that have only been seen for a brief period of time back in 2021. In fact, at $46,800, bitcoin has only traded higher on 6.14% of days since the start of 2017 when it first crossed above $1,000.
Jan 8, 2024
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Looking for deeper insight into markets? In tonight’s Closer sent to Bespoke Institutional clients, we dive into the latest consumer credit figures as well as check on this week’s central bank happenings (page 1). We then review the performance of Health Care stocks during the JPMorgan Chase Healthcare Conference (page 2). We follow with a rundown of the latest NY Fed Survey of Consumer Expectations (page 3) and preview of the week’s Treasury auctions (page 4). We finish with an update on the latest positioning data (pages 5-8).
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