Dollar Doesn’t Take Taper Bait and FOMO Shifts Focus from Crypto to Meme
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S&P 500, Dollar, Bitcoin and AMC Talking Points:
• While the S&P 500 technically cleared two weeks of resistance, it found absolutely no follow through after the milestone
• Speculative appetite shifted away from standard tech shares (Nasdaq 100) and the cryptocurrency market to focus back on meme stocks AMC and Gamestop
• The Dollar didn’t take the bait of taper talk from a few Fed officials, but don’t expect the market to remain tuned out for long
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