“Cooling down”

The Week Ending Friday March 30 2018 Last week saw notable volatility in equities and a revised NGDP release. Other data included Personal Income and the PCE price index, some regional Fed indices and pending home sales. Friday-to-Friday, the S&P 500 rose 2%, with a swing of -2.3% intraweek, bottoming on Wednesday the 28th. The Crypto markets have taken an interesting turn. We were intrigued by Bitcoin due to the high price achieved in early 2018. That price has since fallen considerably, from $16k to $7k. Bitcoin has risen in relative value against the other blockchain-based tokens with the Ethereum…

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