Good Morning & Happy Friday! The S&P continued on a roll to post a fourth consecutive record close as investors continued to digest the inflation data and Fed’s reaction. While inflation does seem to be slowing, investors were disappointed when the producer price index, a gauge of prices that producers get for their goods and services in the open market, declined 0.2% for the month as it came in lower than expectations.
The majority of crypto markets stayed lower even though the news broke this week of the ETH ETF coming out later this summer. The markets have been quiet since the Fed’s rate cut expectation talks earlier this week. While some of the major cryptos haven’t gained their steam back, some of the more…alternative coins have done just fine. One of those is today’s crypto spotlight. Read more on the latest memecoin to take crypto markets by storm and its interesting connection to the Pepe memecoin.
Crypto Spotlight: BRETT
A new crypto craze has taken the spotlight as it's shot up in the charts in recent weeks. In the last month, the crypto had a 310% gain as can be seen in the chart below. But what is this new crypto currency and why are traders excited about it?
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