Market Minutes – August 16th
Market Update — US futures are trading lower as China’s economic growth slows down.
International Markets — European markets are trading lower as investors weigh China’s economic data. Asian markets are trading lower after China’s disappointing economic data.
Commodities — Gold and silver are trading lower as the dollar move higher. Oil is trading lower as the demand outlook for China looks grim.
Crypto — Bitcoin is trading 2.25% higher around $47,345. Ethereum is trading 2.38% higher around $3,271 a coin.
Biggest After Market Movers — Sonos is trading 10.6% higher after an International Trade Comission judge ruled that Google infringed on their patent. Coinbase is trading 1.6% higher as the crypto bull market continues. The honest company was upgraded to a buy by Guggenheim Securities after falling 28% on Friday.
Chart of the Day — PLTR Ascending Triangle
Charts by TradingView