Monday Market Must-Knows: February 20, 2023
Will 2023 be the Year for Crypto Regulation?
It’s the tail end of earnings season! While U.S. markets are closed Monday, this week has 890 companies reporting. There are some names to pay attention to either for trading purposes or for putting some protections on...if they are in your portfolio. Such companies include Copart, Walmart, Home Depot, Nvidia, Medtronic, eBay, PG&E, and Berkshire Hathaway.
And now for some news on Cryptocurrency. The last few weeks saw actions taken against digital asset and cryptocurrency projects by regulators such as the SEC and CFTC. Despite this, the price of Bitcoin has remained fairly bullish over the past couple of months. However, 2023 may be the year for regulatory actions and setting guardrails for the crypto market, but the extent of regulation remains uncertain.
Lastly, it’s the topic of inflation and how the fight is still on. Last week saw higher-than-expected CPI and PPI numbers which caused market turbulence. The upcoming core PCE price index numbers will be released on Friday, which will be an extremely important determinant of rate policy. Be extra cautious during the announcement, as there may be significant price fluctuations. As always, if you’re in the markets, make sure you have a trade plan. Join us for a FREE introductory class. Learn about tools & rules for trading with confidence-so you can stay one step ahead of market volatility. Stay Informed, Start Knowing Today! For more information, please visit tradingacademy.com