Latest Market Updates
Stock Market Highlights
Stock markets have had a strong start to the year. December 2022 inflation readings in the US and eurozone showed slowing inflation (down to 6.4%). Demand for bonds were boosted, causing US Treasury yields to fall. That provided support for growth stocks.
There were stronger-than-expected job gains and a fall in the unemployment rate to 3.5%. Average hourly earnings rose, but lower than the 5.6% peak of March 2022. If wage pressures continue to ease, the Fed may not need to push rates much higher.
Question is – is this a bear market rally? Or has the market bottomed? Time will tell.
Fed chairman Jerome Powell said the bank had “more work to do” to bring inflation back to its 2pc target and signalled at least two more rate increases were likely this year. Any cuts were unlikely until at least 2024.
Crypto Market Highlights
Bitcoin and other major cryptocurrencies finished off a disastrous 2022 on a quiet note in December. Volatility was low, with little price movement in the crypto market. The collapse of crypto exchange FTX triggered renewed calls for heightened regulation of the crypto space.
Looking ahead to 2023, crypto industry experts expect more difficulties ahead for investors as rising interest rates continue to weigh on risk asset prices. However, the Cryptocurrency markets are off to a great start this year, experiencing some compelling gains. Notably, Layer 1 blockchain Aptos’ APT token.
Gaming- and metaverse-affiliated tokens including Gala Games’ GALA token and Decentraland’s MANA token gained 233% and 149%, respectively. The hardest-hit coins also rallied.
As with stocks, the question becomes whether this is just a relief rally.
Analysis
In both stocks and crypto markets, the Fed’s actions are being closely watched. But when players start making predictions, it’s a dangerous game to play. Because traders and investors who make decisions based on what they think will happen, rather than having a plan and making logical decisions, tend to get hurt.
TOP Crypto Gainers And Losers
More highs and lows in Crypto world in the month of November...
Top Gainer: EVERSCALE (EVER) is a versatile, 5th generation layer-1 PoS blockchain network and decentralized hub combining latest innovations and concepts, with advanced governance, validation and scalability; supporting GameFi, DeFi, micro-transactions, and real-time bidding.
Top Loser: CHAIN (XCN) provides a network interoperable blockchain infrastructure solution for financial institutions which enables them to securely build and operate blockchain networks; also Sequence, a ledger-as-a-service product, for secure tracking and transferring of tokens.
EVERSCALE (EVER)
PROFIT: +216%
CHAIN (XCN)
LOSS: -3%
Client Of The Month
“I made 11% on 1 trade on ETH today, yes 11% on a single trade. There was nothing difficult in doing this. I simply took what I had understood from the training and applied it at the right time. The team at IM are so supportive. Different trainers explain the same strategies, and what you need to do, but in several ways, which helps makes it very clear.”"
- Adrian Taylor, UK
Investment Mastery's Trading Floor Results
How will we do in 2023? You will see it all right here!
Stock Market Results
- Buffalo +67.2% (-1%)
- VCA +2,136% (+15%)
Cryptocurrency Results
- CCA +1,510%
- Small Cap +4,120%
WE ARE HIRING
Are you ready to join the fastest-growing trading and investing education training company? If you have the motivation, desire, and determination to succeed, we want to hear from you! Get in touch now to apply admin@investment-mastery.com
Please note: These articles aren't personal advice or a recommendation to buy or sell any investment. We wrote them for your interest and to help you make your own decisions. If you're not sure whether an investment is right for you, please seek advice.
You are receiving this email because you opted in on our website, registered for or attended an Investment Mastery event before. (Thank you for that, by the way!)
Help us make sure we are speaking to the right people. Not interested? Unsubscribe Do not do this if you would like IM Insider updates.
Investment Mastery Trading Ltd Kinetic Business Centre Theobald Street Elstree, Hertfordshire WD6 4PJ United Kingdom + 44 (0) 20 8387 4044