Bi Weekly Market Review - Edition #10
For the period 16th - 31st Oct
Dear FOMOdrive community members,
Welcome to Edition #10 of our Bi-weekly Market Review 
covering the major market news from 16th- 31st October 
.
Major Market News
Crypto
- FTX Is Negotiating With Three Bidders to Restart Crypto Exchange (Bloomberg 24 October)
- Bitcoin Tops $35K, Hitting 16-Month High; Options Positioning Suggests Price Has Further to Run (Coindesk 23 October)
- New York sued crypto firms Genesis Global, its parent company Digital Currency Group, and Gemini for defrauding investors of over $1B (Reuters 19 October)
- Bitcoin ETF Enthusiasts Hit as Fake News Fuels $85 Million Liquidation (Bloomberg 16 October)
Equities
- Big Tech Sheds $386 Billion in Value as Earnings Disappoint (Bloomberg 26 October)
- Nvidia stock falls after US announces new restrictions on AI chip exports (CNBC 17 October)
Bonds and Interest Rates
- New Age for Treasuries Means 6% Yield Isn’t ‘Out of the Picture’ (Bloomberg 23 October)
- Europe’s Biggest Money Managers Bet on Higher ECB Rate (Bloomberg 22 October)
- Relentless climb in Treasury yields may have further to run after surging to 5% (Reuters 20 October)
Commodities and FX
- Dollar falls as Treasury yields retreat (Reuters 23 October)
- US stocks end sharply lower, crude jumps on Middle East tensions (Reuters 18 October)
- Dollar gains as Fed, Middle East in focus (Reuters 18 October)
- Nigeria allows Naira to weaken most in four months to a record (Bloomberg 17 October)
Quote of the Day:
"An investment in knowledge pays the best interest." — Benjamin Franklin
Until next time. Stay informed!
The FOMOdrive Team
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