Crypto's Bounce, December Retail Sales, and A Market Rally? 1/18/23
Bitcoin and Ether are outperforming just about all traditional assets, with both posting gains of roughly 30%. Kaiko's Clara Medalie discusses if this is a short-term bounce or a long-term bull trend. Plus, December retail sales figures are expected today as investors look for insight into the state of the consumer and inflation. Kearney Consumer Institute's Katie Thomas breaks down what to expect. And, a number of strategists are telling clients that the VIX falling to its lowest level in months could be a warning signal that the latest stock market rally may be winding down. Potomac Wealth Advisors' Mark Avallone and Fairlead Strategies' Katie Stockton weigh in on what this means for trading.
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