Tue, April 16, 2024 at 19:41

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    Kang-hoon

    • Hello Annie, today's news is about the current market situation.

    • Investors are on edge due to geopolitical pressures, with Israel considering a response to Iran and the U.S. and key allies exploring further sanctions against Tehran.

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  • Annie

    • Oh, really?😮 So, how is this affecting the stock market?

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    Kang-hoon

    • The U.S. major averages are showing mixed performances.

    • The S&P 500 is holding steady at 5,200 points, while blue-chip stocks are outperforming the broader market.

    • However, small caps are experiencing some declines.

  • Annie

    • Hmm...🤔 And what about the global economy?

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  • ADward

    • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... 😅

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    Kang-hoon

    • In its April World Economic Outlook, the International Monetary Fund raised growth projections for the U.S. economy.

    • They're also eyeing the possibility of Federal Reserve rate cuts this year as inflation declines.

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  • Annie

    • That sounds like good news!😊 But what could be the potential risks?

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    Kang-hoon

    • An escalation in the Middle East could complicate things by pushing oil and inflation higher and forcing central banks to tighten again.

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    • Treasury yields continue to rise, with the yield on the 10-year Treasury bond reaching 4.65%.

  • Annie

    • I see...😕 And how are gold and Bitcoin doing?

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    Kang-hoon

    • Despite the uptick in yields and a stronger dollar, gold continues to showcase impressive strength, with the yellow metal up 0.3% to $2,390 per ounce.

    • Bitcoin, however, is down 2.5% to $61,900.

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  • Annie

    • Oh no!😢 Bitcoin is falling again...

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    Kang-hoon

    • Yes, it's marking a 15% drop since last week's high.

  • Annie

    • So, would you say this news is bad for the market?

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    Kang-hoon

    • Yes, I would say it's bad news.

    • The geopolitical pressures are causing uncertainty in the market, and the falling Bitcoin price could be a sign of investors moving away from riskier assets.

    • Upon comprehensive consideration, this news is perceived as a 😱Bearish.