Alright, investors, strap in for an eventful week with some exciting turns in both macroeconomics and the crypto market. First off, we have pivotal tech earnings on the horizon, with companies like Nvidia leading the charge. Analysts are bullish, expecting that AI-driven growth might catapult Nvidia's stock, potentially reaching $1,000 by 2030.
As for macroeconomic events, keep a close eye on no expected rate cuts from the Fed's July 30 meeting. Jeremy Siegel notes tariffs, AI growth, and solid Fed policy as key resilience factors.
Crypto's under the spotlight with Bitcoin (BTC) targeting a $123,000 liquidity chase. Yet, experts predict a struggle for new highs, with macro factors playing a moderation role. Ethereum (ETH) is capturing center stage, boasting a stunning $1.9 billion in inflows, fueled by ETF optimism. However, caution looms as the ETH validator exit queue climbs.
In the ETF world, massive inflows marked last Friday, with $7B flowing into SPY—a testament to robust market confidence. DIA and ETHA are hot favourites, especially as Ethereum assets surge 3.2%.
So fasten your seatbelt as we approach a robust and tumultuous week, where tech and crypto could reshape portfolios in style!