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- 📈 All Time Highs!
Good Morning!
The theme of the week is "Records are meant to be broken!"
It's like everything decided to reach for the stars all at once. Bitcoin, always the show-off, flirted with the stratosphere, soaring briefly past the $70,000 mark. Then, the S&P 500, not to be outdone, rocketed to a new high, all thanks to a few magical words from Fed Chair Powell. And let's not forget gold, glittering brighter than ever, hitting a dazzling high of $2,160.
Grab your iced caramelised macadamia oat shaken espresso and let's get into it! ☕️👇️
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Markets
Top 5 things to watch in markets in the week ahead (5 minute read)
February's going to dish out some juicy data, including consumer prices and retail sales, which might just give us a sneak peek into the chances of the Federal Reserve playing the rate-cut card. And guess what? Bitcoin's been smashing records like a rockstar, so keep your eyes peeled on that. Meanwhile, Wall Street seems to be gearing up for another round on the rollercoaster, promising a week full of ups, downs, and probably a few loop-the-loops.
Investing
Bitcoin briefly rises to record high over $70,000 (2 minute read)
In a whirlwind of a Friday, Bitcoin (BTC) hit an all-time high above $70,000 per coin! It seems the crypto fever is as catchy as ever, with investors buzzing around new U.S. spot exchange-traded crypto goodies and daydreams of dipping global interest rates. But, as quick as a hiccup, it slipped from its peak, playing it cool at around $68,300.00.
S&P 500 Blasts Off to New Record After Powell Speech Boosts Rate-Cut Optimism (5 minute read)
The S&P 500 was like a rocket, setting a new record after Fed Chief Jay Powell hinted at rate cuts, sparking a bit of a party in the markets. It's like everyone heard "sale at the stock market" and rushed in! The S&P 500 ended the day up a cool 1%, or 52 points, marking its 16th record close this year at a dashing 5,157. Not to be left behind, the Nasdaq Composite jumped 1.5% to 16,273 points, showing off its muscles. Meanwhile, the Dow Jones was more steady, adding a modest 0.3% to close at 38,791. It's amazing how a few words from Powell can turn Wall Street into a frenzy of excitement!
Gold Shines Bright to Record High of $2,160 as Central Banks Stack Up (1 minute read)
Gold bugs around the globe are throwing a party as their favorite shiny metal just smashed another record, hitting a glittering $2,160 early Thursday! It seems like China's got a secret crush on gold, quietly upping the demand. In a golden twist, central banks have been on a shopping spree too, adding a whopping 39 tonnes of gold in January alone. In the past week, gold has been strutting its stuff on the market runway, with no red closes in sight and a total gain of 6.5%. Talk about a gold rush!
Money
Here's One of the Most Common Regrets for Today's Retirees (4 minute read)
Oh, if only life had a reset button, right? Especially for U.S. retirees, who seem to be looking back with a bit of "I wish I had" in their eyes. Lincoln Financial Group did a bit of digging and found out that a bunch of retirees, out of the 1,400 adults they chatted with, are having some serious second thoughts about their retirement planning strategies. The magic words? Start saving earlier and save more. Quite a few are now biting their nails, worried if their piggy banks will carry them through their golden years. It turns out hindsight isn't just 20/20, it's also a bit of a financial advisor
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