This editorial is from last week’s edition of the newsletter Week in Review. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week with a comment on each story.
Key Takeaways:
Bitcoin knocked on the door of $80,000 this week, while Ethereum and the altcoin space bled away again. The S&P 500 retouched all-time highs again, while the Russell 2000 broke record levels in an apparent comeback for risk appetite.
Gold and silver both printed red weekly candles while the dollar index (DXY) traded up slightly at 98.8, but still well below the psychological 100 level.
With the extension of a ceasefire in the Middle East, and a cooling of war and oil-related headlines, an almost foreign-feeling level of calm touched the markets.
