Wall Street professionals have seen a surge in the stock market over the past week, with the S&P 500 rising by 1.90%, the STOXX 50 climbing 2.78%, and the Nikkei 225 increasing 1.73%. Additionally, the VIX and VSTOXX fell by 3.18 points and 3.55 points respectively. VIX options traded a record-breaking volume as bank stocks as the market is waiting for SVB resolution next week.
SVB failure had a major effect of crypto markets. Circle, the backer of USDC had major deposits in SVB, and last weeks news lead to stablecoins - USDC and others, depegging, and trading around $0.95 at the time of writing.
Continuing with the theme - here are the weekly range forecasts for major indexes.
No comments:
Post a Comment