Not much in worldwide economic news this week except for the Baltimore bridge collapse which is partly slowing down global trade. S&P500 and Nasdaq are effectively flat from last week changing +0.4% and -0.3%, respectively.
Big mover this week was BTC -- up 11% WoW and 38% since purchase in late Feb 2024. Nice bounce which I attribute to news about the halving and investors leaning into a riskier trade (i.e., more greedy).
Let's see what next week brings! Have a great Easter weekend. Stock market is closed today (Good Friday).
Edit:
Given this is the quarter end, I wanted to share some highlights from NYT for posterity.
Even with the Fed contemplating cutting interest rates as many as three times this year, by as much as three-quarters of a percentage point in total, the returns on offer to investors remain well above those found elsewhere around the globe, helping keep money flowing into the United States.