Is the Rebound Real? Tech Leads Market Higher as Powell Says Economy Looks Bright

Published on
January 11th, 2022
Duration
34 minutes

Big Tech Tumbles & Crypto Dips: How Low Can Prices Go?


Is the Rebound Real? Tech Leads Market Higher as Powell Says Economy Looks Bright

Daily Briefing ·
Featuring Tony Greer and Alfonso Peccatiello

Published on: January 11th, 2022 • Duration: 34 minutes

During a hearing for his re-confirmation as Fed Chair, Jerome Powell said the central bank will work to relieve inflationary pressures in the economy. Following Powell’s testimony, the Nasdaq rallied for the second day in a row. In the U.K., the London Metal Exchange experienced an over five hour long outage but resumed trading after migrating its systems to backup. Sharing how he’s positioning his trades, Tony Greer of TG Macro examines elevated volatility in markets with commodities soaring, yields rising, Bitcoin plunging, and equities rotating out of tech. Interviewed by Alfonso Peccatiello. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3Gj45br.

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