Inflation is re-igniting, and there is a danger of significant overheating. This should keep the Fed from cutting interest rates in June or July and very likely for the rest of the year.
In one of the best illustrations of the buy-the-dip mentality so far this year, investors are flocking to a leveraged long-only ETF to generate outsized gains on the back of the recent weakness in NVIDIA shares.
Add this eye-popping statistic to the list of superlatives driving crypto’s latest boom cycle: A record $520 million stampeded into BlackRock Inc.’s Bitcoin ETF in a single day.