Cryptos skyrocket, and trading volumes creep back toward bull market levels. Upwards movements accompanied by intense volume signal strength to the underlying move, and it looks like the bear market has passed. Bitcoin (BTC) holds robust support at $30,000; even the recent jobless statistics did not cause it to dip.
so that from the ceo of one of the nation s largest investment banks in the united states joeing a growing chorus of warnings. citigroup and morgan stanley ringing the alarm bell as well. 64% of americans that know what their dalery experience is are not waiting for words from wall street that says we re in a recession. they say it already. mark pepper is here. good to be with you. thanks for having me. martha: i want another number up here, the consumer sentiment number. market psychology is more important of what s going on. just take a look. in january of 2021, 79% consumer sentiment. that s high. now it s 51. it has dropped dramatically. that would be the second lowest reading. the month before it was 50. the data goes back to the mid 1970s. the consumer is feeling the
recently the has been borrowed to buy. more recently the market has been borrowed to buy. more recently the market has - has been borrowed to buy. more recently the market has seen i has been borrowed to buy. more recently the market has seen an influx of professional investors, are they ditching it now for safe havens?- investors, are they ditching it now for safe havens? well, the professional now for safe havens? well, the professional traders now for safe havens? well, the professional traders want - now for safe havens? well, the professional traders want to i professional traders want to look at whether other investors are enthusiastic about an asset and they can trade it up, so when you get this turn on the market psychology, then, that wave that drove the prices up can equally drive them down, as people only think about what has happened in the last three months and focus on that, continuing to happen. so the momentum has certainly swung against it, with that backdrop y
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oil and oil products. that could mean maybe a lid on gasoline prices here in the u.s. just an awful lot of uncertainty and reminder that covid is still a big driver in market psychology here. yeah, no question about that. christine romans, thanks so much. still to come this morning, this is traditionally one of the biggest shopping days of the year. inflation and supply chain issues are putting a damper on that. will we see a return to normal? bigotry in the gop, a republican congresswoman implies one of her democratic colleagues could be a suicide bomber because she s muslim. well, congressman lauren boebert, will she be held accountable. and ukraine s president is alleging that russia is plotting a coup against him. cnn s new reporting is ahead.