ANDIKA BULLETin 20 MAR 2024

NVDA showed off a new chip and a robot... BoJ did their hawkish thing (but promised to save the world if things went to crap)... US housing data surprised to the upside... and the screens were green... but it wasn't the love-fest so many hoped as anxiety remains ahead of tomorrow's FOMC meeting...

US Stocks overall ended higher into tomorrow's FOMC meeting, led by The Dow and Small Caps (and a late-day buying spree made things even shinier for Fed Day)...

Black Gold was the day's big winner again, with WTI surging up near USD$83.50, its highest since OCT 2023.

Despite rate-cut expectations falling (hawkishly) further...

Bitcoin was clubbed like a baby seal after some shenanigans on the BitMEX overnight, but did find support...

...which followed the largest net outflow day for BTC ETFs as someone liquidated a boat-load of GBTC...

Finally, as the world anxiously await the words and dots of the The Fed tomorrow, there is a growing trade in "no cuts at all in 2024" bets...

How will US stocks react to any hint of that?

Well that would get The Fed into action pretty quickly...especially in an election year!

Happy Wednesday!

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