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
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.
Corporate Valuations and Market Outlook
Corporate valuations, though high, could be offset by margin expansion. The market does not seem to be in bubble territory, and anticipated margin growth could extend the business cycle and support overall valuations.
Fed Rate Cut Expectations
Markets have shown reduced expectations for Fed rate cuts, currently anticipating a slower reaction to monetary policies. The Fed might delay decreasing interest rates until significant economic weaknesses are evident.
Dollar Strength and Global Economy
Amid shifting global conditions, the US dollar is foreseen to maintain its strength on a relative basis. Other economies, including China and Europe, may adopt stimulus measures, potentially reinforcing the dollar's strength and impacting investments in emerging markets.
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Mike McGlone, Bloomberg Intelligence Senior Commodity Strategist, discusses Bitcoin topping $72,000 for the first time. Sarah Ponczek, Financial Advisor at UBS Private Wealth Management, discusses her outlook for the markets. Amy Or, Bloomberg Equity Capital Markets Reporter, discusses the latest on Reddit’s IPO. Geetha Ranganathan Bloomberg Intelligence Analyst on US Media, discusses Sunday’s Oscar awards. Adam Coons, Chief Portfolio Manager at Winthrop Capital Management, looks ahead to tomorrow’s U.S CPI data, and discusses the latest on the markets.