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By A.I. and Staff Reporters
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- Bonds: The 10-year Treasury yield popped on solid economic data yesterday, including weekly jobless claims falling to their lowest since mid-July and Q2 GDP rising unexpectedly.
- Stocks: But good news for the labor market and economy is bad news for anyone hoping the Federal Reserve cuts interest rates next month, and the major indexes sank for a third day in a row yesterday. All eyes now turn to today’s key PCE reading.
- Crypto: Digital assets continued to tumble yesterday with ether falling below $4,000 for the first time in months. There may be more pain ahead: $22 billion in crypto options expire today.
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Filed under: "Ask-an-Advisor", Accounting, economics, finance, Funding Basics, Glossary Terms, Investing, Portfolio Management | Tagged: bonds, crypto, crypto-currency, digital assets, Federal Reserve, FOMC, joblesds claims, PCE, stocks |
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