Merry Christmas! It was such a calm and positive day for the global market!Updated time: 18 Jan, 2022, 13:58 (UTC+04:00)
Merry Christmas! It was such a calm and positive day for the global market!
Volatility has been eased since Omicron was not as bad as expected and investors improved their risk sentiment. Everyone now expected another Santa rally starting from 27 December, after this event had repeated in 56 years since 1945. On the contrary, some still kept negative sentiment fearing the market was reactionary to every little bit of news. This resulted in a large amount already invested in safe-haven assets, pushing the 10-year yield to 3.5 basis points. Unemployment held below pre-pandemic levels but consumer spending increased dramatically, pushing the economy to finish the year stronger.
Commodities: Crude oil WTI Futures and Gold Futures closed at high records.
Wall Street’s indexes finished with solid gains in the third straight session. The biggest gainers are S&P 500 sectors, led by consumer discretionary and industrials. Another sector, pharmaceuticals cheered the market as its COVID-19 antiviral pills were effective against the Omicron.
Market entered holiday cheer for Crypto coins and Altcoins, led by #BTH trading over $50,000 pulling all for the ride to market buoyancy. Coinbase Global Inc gained sharply up 5.3%.