Bloomberg Intelligence
Bitcoin Tops $72,000
Mar 11, 2024
Bitcoin reaches a record high of $72,000, Reddit's IPO updates, US Media's take on Oscar awards, market outlook by UBS advisor, U.S CPI data anticipation, and entertainment industry analysis post-Oscars
44:26
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Quick takeaways
- Anticipated margin growth could extend the business cycle and support overall valuations in the market.
- The Fed might delay decreasing interest rates until significant economic weaknesses are evident, showing reduced expectations for rate cuts.
Deep dives
Market Impact of CPI Data
Expectations for the CPI data show a potential slight downtrend, leading to a decrease in interest rates on the short end. While Treasury markets may rally, other assets could experience a challenging road ahead if fears of economic softening increase.
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