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The S&P 500 Index ($SPX) (SPY) on Wednesday closed up +0.78%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +0.49%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.51%.  March E-mini S&P futures (ESH26) rose +0.77%, and March E-mini Nasdaq futures (NQH26) rose +1.53%.Stock indexes rallied on Wednesday as signs of US economic resilience and cooling inflationary pressures outweighed concerns about the Iran war.  The US labor market continues to grow after the Feb ADP employment report showed employers added more jobs than expected.  Also, the US service economy expanded at the fastest pace in 3.5 years last month, while service price…

Key takeaways:Derivatives and onchain data show a lack of bullish conviction, as 43% of Bitcoin holders remain at a loss despite recent price gains.Surging AI energy demand is squeezing miner profits to record lows, forcing major listed firms to offload BTC and pivot to computing.Traders face a psychological hurdle at $76,000, the average cost basis for major corporate holders like Strategy.Bitcoin (BTC) surged to a four-week high on Wednesday, potentially clearing a path for a recovery toward the $78,700 monthly close recorded in January. Despite a 22% rally from the $60,000 local bottom on Feb. 6, several onchain and derivatives…

Blackstone has increased redemption capacity for its Blackstone Private Credit Fund (BCRED), raising the quarterly repurchase limit to 7.9% of total shares as withdrawal requests across the retail private credit sector rise.  In a filing with the U.S. Securities and Exchange Commission, Blackstone said it expanded the fund’s standard 5% quarterly repurchase limit to 7%, while the firm and its employees stepped in to cover the remaining 0.9%.  “This enabled BCRED to meet 100% of requests for the quarter with certainty and timeliness while further aligning Blackstone and its employees alongside BCRED’s shareholders,” the filing said.  Blackstone emphasized the move reflects…

The S&P 500 Index ($SPX) (SPY) on Tuesday closed down -0.94%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.83%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.09%.  March E-mini S&P futures (ESH26) fell -0.94%, and March E-mini Nasdaq futures (NQH26) fell -1.11%.Stock indexes settled lower on Tuesday with the S&P 500 falling to a 3.25-month low, the Dow Jones Industrial Average dropping to a 2.75-month low, and the Nasdaq 100 sliding to a 3.5-month low.  Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.   Global stock markets retreated, and crude oil…

SEC Chair Paul Atkins and CFTC Chair Michael Selig addressed market structure, prediction markets and perpetual futures at a Tuesday event.Michael Selig, chair of the US Commodity Futures Trading Commission (CFTC), said the agency will soon address how to handle perpetual futures contracts for cryptocurrencies.In a Tuesday panel hosted by the Milken Institute in Washington, DC, Selig said that the CFTC was working toward getting “true perpetual futures” in the United States “within the next month or so.” The CFTC chair is currently the only Senate-confirmed commissioner, with no indication as of Tuesday that US President Donald Trump will nominate…

The dollar index (DXY00) rose by +0.97% on Monday and posted a 5-week high.  The dollar rallied on Monday after oil prices surged to an 8.25-month high, boosting inflation expectations and reducing the chance of additional Fed rate cuts, a supportive factor for the dollar.  Also, Monday’s better-than-expected Fed ISM manufacturing report was supportive of the dollar.  In addition, sharply higher T-note yields on Monday strengthened the dollar’s interest rate differentials. The US Feb ISM manufacturing index fell -0.2 to 52.4, stronger than expectations of 51.5.  The Feb ISM prices paid sub-index rose +11.5 to a 3.5-year high of 70.5, stronger…

While US Senate lawmakers have been working to pass a comprehensive digital asset market structure bill since July, some industry observers in Washington say progress could be “on hold” due to government gridlock.Since the House of Representatives passed the CLARITY Act last summer and sent the legislation to the other chamber, lawmakers have faced a historically long government shutdown, partisan divides on ethics and debates over stablecoin yield that have likely slowed progress on the bill, which could be further hampered by the upcoming US midterm elections in November.Eight months ahead of the midterms, one version of the market structure…

The wheat complex rallied across all three markets on Friday, to lead the grain complex. Chicago SRW futures posted 15 to 19 ½ cent gains on Friday, with May up 11 ¼ cents. KC HRW futures were 17 to 21 ¼ cents in the green, as May was still down 4 ¾ cents this week. MPLS spring wheat was 8 to 15 3/4 cents higher in most contracts, with May up 12 ¾ cents. Short covering was noted to close out February.Commitments of Traders data from Friday indicated managed money slashing 50,740 contracts from their net short position in CBT…

Bitcoin (BTC) is relatively undervalued compared to gold and the global money supply, which could signal a price reversal, according to Samson Mow, the CEO of Bitcoin technology company Jan3.“Bitcoin is about 24%-66% below its trend relative to gold’s market cap or global money supply, while gold is overextended,” Mow said in a Saturday post on X. Gold futures for April delivery closed Friday at $5,247.90; Tokenized gold PAX Gold USD was trading at the time of writing at $5,404.14.Mow also cited Bitcoin’s Z-score, a metric that tracks how close the price of BTC is to its historic average. A…

DJIA38904.04 307.06S&P 5005204.34 57.13NASDAQ16248.52 199.44Russell 20002060.10 8.70German DAX18163.94 -238.49FTSE 1007911.16 -64.73CAC 408061.31 -90.24EuroStoxx 505013.35 -57.20Nikkei 22538992.08 -781.06Hang Seng16723.92 -1.18Shanghai Comp3069.30 -5.66KOSPI2714.21 -27.79Bloomberg Comm IDX102.90 0.64WTI Crude-fut91.17 0.01Brent Crude-fut86.57 1.15Natural Gas1.79 0.00Gasoline-fut2.79 -0.01Gold-fut2345.40 33.50Silver-fut27.50 0.46Platinum-fut940.60 -5.50Palladium-fut1007.40 -23.60Copper-fut423.60 1.85Aluminum-spot1815.00 0.00Coffee-fut212.50 5.75Soybeans-fut1185.00 5.00Wheat-fut567.25 11.00Bitcoin67976.00 304.00Ethereum USD3328.10 56.27Litecoin98.71 0.69Dogecoin0.18 0.00EUR/USD1.0862 0.0007USD/JPY151.72 -0.02GBP/USD1.2678 0.0016USD/CHF0.9044 -0.0014USD IDX104.28 0.08US 10-Yr TR4.4 0.091GER 10-Yr TR2.406 0.007UK 10-Yr TR4.064 -0.005JAP 10-Yr TR0.771 -0.004Fed Funds5.5 0SOFR5.32 0