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Lisa Parker

An editor at FOMOdrive

  • Oct 20, 2023
  • 8 min read

Bi Weekly Market Review - Edition #9

Dear FOMOdrive community members,

Welcome to ​Edition #9​ of our ​Bi-weekly Market Review​ 📰covering the major market news from ​1st - 15th October​ 📆. Don’t forget to check out the ​Learning Corner​ 🎓, as well as ​the perspectives from experts at Grayscale Investments and Cornell University on whether Bitcoin serves as a hedge against inflation​

​Major Market News​


US regulators sue Voyager Digital co-founder for fraud (Coindesk 12 October)

SEC Pushes Ahead With Case Against Coinbase Crypto Exchange (Bloomberg 3 October)


US bank profits set to rise on higher rates while Wall Street lags (Reuters 11 October)

How surging yields brought the stock market to a halt, in 8 charts (WSJ 10 October)

The benchmark of small-cap stocks -the Russel 2000 - turned negative for the year (CNBC 2 October)

​Bonds and Interest Rates​

Higher Bond Yields Likely to Extend Fed Rate Pause (WSJ 10 October)

Global bond rout deepens before receding on relief rally (Reuters 5 October)

ECB’s Centeno says rate cycle likely completed, inflation retreating (Reuters 4 October)

​Commodities and FX​

Middle East violence rattles markets, oil jumps (Reuters 9 October)

Oil prices, Defense Stocks Rise as Israel-Hamas Conflict Rattles Markets (WSJ 9 October)

Bank of Japan data suggest mysterious yen spike wasn’t intervention (Reuters 5 October)

Yen surges against dollar, leads some to suspect intervention (Reuters 3 October)

​Learning Corner​

​Quote of the Day​:

​“Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves.”​- Peter Lynch

​Educational Spotlight:​

Is Bitcoin An Inflation Hedge? Here Are the Arguments on Both Sides

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


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