"Yellen's Surprise Could Send Stocks Soaring: Key Week for Bitcoin and Boeing"

1 min read
Source: MarketWatch
"Yellen's Surprise Could Send Stocks Soaring: Key Week for Bitcoin and Boeing"
Photo: MarketWatch
TL;DR Summary

Nomura strategist Charlie McElligott suggests that stocks may receive a surprise boost from Treasury Secretary Janet Yellen at the next quarterly refunding announcement, potentially leading to a rally in risk assets. The markets are currently struggling for traction as investors await the inflation report and the start of earnings season. Meanwhile, HSBC's global equity strategist Alastair Pinder warns that global stock markets have likely overshot fundamentals, and a temporary pause should be expected. Additionally, the SEC reports a compromised account and unauthorized post regarding the approval of exchange-traded funds investing in bitcoin, while Hewlett Packard Enterprise announces a $14 billion deal for Juniper Networks.

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

4 min

vs 5 min read

Condensed

89%

960104 words

Want the full story? Read the original article

Read on MarketWatch