An unusual Friday on Wall Street.
The Dow was almost unchanged (+0.1%) but the Nasdaq and chip stocks were hit hard as October Wholesale Inflation (PPI) rose to 6.5% YoY, the largest increase since 2022. Despite this all three major indices closed positive for the week showing that it’s the tech sector that is taking the brunt.
Whenever the Nasdaq sneezes, $BTC tends to catch a cold. Are you using stocks to determine crypto’s direction or are you switching off Wall Street until December? 👇
$BTC #USStocks #Nasdaq #Inflation #Macro
The Dow was almost unchanged (+0.1%) but the Nasdaq and chip stocks were hit hard as October Wholesale Inflation (PPI) rose to 6.5% YoY, the largest increase since 2022. Despite this all three major indices closed positive for the week showing that it’s the tech sector that is taking the brunt.
Whenever the Nasdaq sneezes, $BTC tends to catch a cold. Are you using stocks to determine crypto’s direction or are you switching off Wall Street until December? 👇
$BTC #USStocks #Nasdaq #Inflation #Macro
