Stocks Glow Amid a Divided Economic Atmosphere
Last Friday, the stock markets in America were like a playground, and the lights were lit. The S&P 500 rose by about 1.81%, Nasdaq increased by 2%, and Dow Jones proved its worth by rising more than 1.5%. The strong earnings report from JPMorgan played an important role in boosting morale, despite Jamie Dimon's warnings about "major disruptions" coming due to macroeconomic instability.
Bonds are not resting.
U.S. bonds, especially Treasury bonds, saw 10-year bond yields reach 4.59%, and the bond market witnessed its worst weekly decline since 2019. When the U.S. Dollar Index (DXY) fell below 100, it opens the door for a positive signal for Bitcoin because a weak dollar often supports digital assets.