In our weekly market review, we survey trends in the US, then Europe, Asia, and Australia, as well a covering developments in Oil, Gold and Crypto. The main take-out is the continuing uncertainty pertaining to inflation, and interest rates, as well as conflict in Ukraine. The fallout is already significant, with global food prices reach a new all time high, the UN has reported.
The Dow ended higher Friday, but that wasn’t enough to prevent a weekly loss as tech snapped its winning streak under pressure from surging Treasury yields following further details on the Federal Reserve’s plan to rein in inflation.
Finally in Crypto, Bitcoin is nowhere near where it was just five months ago – at that time in November of 2021, the world’s number one digital asset was trading for about $68,000 per unit – the currency has managed to get itself out of the doldrums and spike into the mid to high $40,000 ranges, a solid improvement over the $37,000 it was trading for in mid-March.
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