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BTCUSD

Bitcoin's recent price dip and options data indicate a potential rebound, influenced by declining market volatility expectations and upcoming U.S. unemployment data. The market's anticipation of a Federal Reserve rate cut in May has decreased, which could positively impact Bitcoin's price. Additionally, the activity of whales, or major cryptocurrency holders, particularly their accumulation of call options, suggests a bullish outlook. However, the dynamic market and evolving economic conditions make predictions challenging.

Portfolio Pulse from Murtuza Merchant

April 04, 2024 | 6:19 pm

SPY

Fed's Mester anticipates a potential reduction in the Fed Funds Rate later this year, despite raising her long-term neutral estimate to 3% from 2.5% in the last month's Summary of Economic Projections (SEPs).

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 6:14 pm

SPY

Fed's Mester expressed that there is no reason to halt the balance sheet plan when cutting the Federal Funds Rate. She also mentioned that the pace of disinflation this year might not match the previous year's.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 6:13 pm

SPY

Fed's Kashkari expressed that there is no reason why the Federal Reserve cannot continue with its balance sheet plan even when it decides to cut the federal funds rate. This statement suggests a commitment to maintaining the current monetary policy strategy, which could influence market expectations and investor sentiment.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 6:12 pm

CHK

OILT

PXE

Keybanc Capital Market analyst Tim Rezvan initiated coverage on Chesapeake Energy Corporation (CHK) with a Sector Weight rating, citing near/medium-term outlook for natural gas and potential synergies from the Southwestern merger. However, concerns over regulatory risks, asset degradation, and uncertainties in natural gas prices due to delays in LNG export projects and volume growth were highlighted. The analyst estimates EBITDA of $3.180 billion for 2024 and $5.182 billion for 2025. Investors can also gain exposure through Invesco Energy Exploration & Production ETF (PXE) and Texas Capital Funds Trust Texas Capital Texas Oil Index ETF (OILT). CHK shares were down 0.34% at $89.99.

Portfolio Pulse from Lekha Gupta

April 04, 2024 | 6:05 pm

SPY

Fed's Goolsbee comments on inflation moving sideways and reevaluates the possibility of rate cuts this year. Initially considering two rate cuts, he now questions if any should occur if inflation persists.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 6:04 pm

EIS

SPY

President Biden has called for an immediate ceasefire in Gaza, according to a Wall Street Journal report. This development could have implications for the geopolitical landscape and potentially impact markets.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 5:52 pm

SPY

Fed's Goolsbee comments on the potential to achieve a 2% inflation rate if housing inflation normalizes. He notes the real Federal Funds Rate is at a historically high level, indicating a restrictive monetary policy. The focus is on the duration of this policy stance.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 5:30 pm

SPY

Fed's Goolsbee expressed concerns that housing inflation needs to decrease to meet the 2% inflation target. He remains optimistic that it will, but acknowledges the risk if it doesn't.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 5:23 pm

SPY

Fed's Goolsbee warns that maintaining restrictive monetary policies for an extended period could lead to a deterioration in employment levels. This statement suggests a cautious approach to interest rate hikes and monetary tightening to avoid negatively impacting the job market.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 5:16 pm