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Fred Cole

An editor at FOMOdrive

  • Jun 30, 2023
  • 4 min read

Bi-Weekly Market Review - Edition #1

For the period 1st June - 15th June

Dear FOMOdrive community members,

Welcome to the ​first edition​ of our ​Bi-weekly Market Review​. As a valued member of our community, it’s important for you to stay informed about significant market events that can influence market volatility and potentially the company’s share price performance.

In this issue, we’ve curated some of the most ​pertinent market news​ from the past two weeks for your convenience.


- The SEC has charged ​Coinbase​ and ​Binance​ with securities law violations this June.

- The ​S\&P 500​ transitioned to a bull market, led by a small group of tech stocks buoyed by enthusiasm about the profit-generating possibilities of ​AI​.

- ​China​ increased ​gold​ reserves for a seventh month, signifying sustained global demand.

- Meanwhile, the Fed maintained ​rates​ at 5%-5.25% but signalled a possible increase later this year due to persistent inflation.


SEC Sues Crypto Exchange Binance and CEO Changpeng Zhao, Alleging Multiple Securities Violations, source: coindesk

SEC Seeks Temporary Restraining Order to Freeze Binance.US Assets, source: coindesk

SEC Sues Coinbase alleging securities rules violations, source: The WallStreetJournal

AI Craze leaves Crypto for Dust, source: Reuters


World shares at 13-month peak as Wall St scales 2023 highs, source: Reuters

Goldman Sachs lifts S\&P 500 price target to 4,500 as index enters bull market, source: yfinance.com

​Bonds and Interest Rates​

Fed holds off on rate hike, but says two more are coming later this year, source: CNBC


China’s Gold Binge Extends to Seventh Month as Holdings Climb, source: Bloomberg

We hope you found this edition of the Bi-weekly Market Review informative and useful. As always, we welcome your feedback.


Until next time. Stay informed!

The FOMOdrive Team


"Be Greedy When Others Are Fearful" (David Tepper)

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