Investors Overlooking Crude & Yield Moves? AI & Bitcoin Extend Stock Market Optimism
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The 7,600 level in the S&P 500 (SPX) is catching Nathan Peterson's (@CharlesSchwab) attention Wednesday in gauging the current health of the stock market. Breadth is another point of concern as he sees investors overlooking rising crude oil and Treasury yields for an evolving AI buildout. Jim Ferraioli discusses seasonality of the crypto space to equities and the typical weakness both see in September. However, Bitcoin's "extreme short squeeze" in August didn't see a slowdown in futures contracts, something Jim points to as bullish for cryptocurrencies. ======== Schwab Network ======== Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185 Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7 Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch Watch
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