Look Ahead (E29)

Wow! The S&P500 hit new record highs this week, raising speculations regarding a potential drop to the 5225 level or a surge beyond 5350. The market is abuzz with anticipation as important events unfold, such as the imminent release of CPI data and the Federal Reserve’s upcoming rate decision. Meanwhile, the real estate sector grapples with reduced applications, escalating commercial loan delinquencies, and a notable 1.9% decrease in home sales for the month of May. However, the total inventory continues to fall short of the desired threshold, posing challenges for the industry. In other news, Bitcoin persists in trading at 69k, catching the attention of investors along with various ETFs such as IBIT, FBTC, CBTC, ARKB, BITB, and HODL, each offering its own set of considerations. It cannot be emphasized enough the importance of conducting comprehensive research before delving into any asset class.