Fed Minutes, Retail Gross sales, Bitcoin Bounce: three Issues to Think about

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By Liz Moyer – Stocks continued their record march, and Bitcoin briefly traded above $ 50,000, a major psychological hurdle as the cryptocurrency is rapidly gaining mainstream adoption.

Those and both hit new all-time intraday highs after traders returned from a three-day weekend in the US to lose steam late in the session.

Among the standout features of the day, the energy values ​​gained by storm and freezing in the south have lowered electricity for millions of homes. Bank stocks also rose Tuesday on optimism for the economic recovery.

More vaccines are set to roll out as more Americans get their first doses and new cases and deaths continue to decline.

Here are three things that could affect tomorrow's markets.

1. FOMC minutes

Last month, the Federal Reserve stayed in place as it continued its economic stimulus efforts. On Wednesday we will take a closer look at the deliberations at that meeting with the January release of the Federal Open Market Committee at 2:00 p.m. CET (1900 GMT).

Business slowed again with the rise in Covid late last year, but now vaccines promise better days. President Joe Biden's $ 1.9 trillion incentive, still debated on Capitol Hill, could add another boost to a recovering economy despite the Fed's pledging to do whatever it takes to keep growth to support.

2. Retail sales for January

Another barometer of the health of the American consumer is, and the data for January will be released on Wednesday at 8:30 am CET (1350 GMT).

Analysts tracked by expect retail sales of 1.1%, down from a 0.7% decline in December.

3. Bitcoin rises above $ 50,000

The increasingly popular cryptocurrency pierced $ 50,000 and then returned to the high $ 48,000, but that didn't stop people talking about it all day. rose more than 300% last year and around 70% this year as high profile companies step in.

Last week, Tesla Inc (NASDAQ 🙂 shot up crypto after saying it bought $ 1.5 billion. On Tuesday, a business intelligence firm called MicroStrategy Incorporated (NASDAQ 🙂 announced that it would sell $ 600 million worth of convertible bonds to invest the proceeds in more Bitcoin. Something similar happened in December.

Investors are no doubt wondering how much bitcoin can go. Some experts believe it could double from here, especially if companies follow Tesla and others and invest in the company as an inflation hedge.

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