In today’s briefing:
- Stocks Vs. Commodities Ratio // China Wants to Boost Its Property Sector (But How)
- Analysis: The Impact of Binance’s Zero-Fee Markets
- SPHY ETF: Rare Opportunity For Price Gains
Stocks Vs. Commodities Ratio // China Wants to Boost Its Property Sector (But How)
The Chinese Communist Party’s Politburo, one of the country’s top decision-making bodies, on Monday, released a statement outlining plans to boost the country’s ailing property sector.
But it didn’t give much detail or signal any major measures as some commodity traders had hoped.
This uncertainty was also perfectly displayed in the price action of copper.
Analysis: The Impact of Binance’s Zero-Fee Markets
- About a year ago, right as crypto trade volumes started to slump in the aftermath of the Celsius and Terra collapses, Binance vastly expanded its zero-fee trading promotions to 13 BTC pairs.
- This practice, though not new, had never been implemented on such a large scale.
- However, just nine months later the exchange decided to reverse this strategy and adopt a more selective approach.
SPHY ETF: Rare Opportunity For Price Gains
- Key indicators suggest the SPDR® Portfolio High Yield Bond ETF might benefit from price returns in the coming quarters.
- Investors will soon “down credit” and “down duration” amid receding market risk premiums coupled with an improving U.S. current account, we say.
- Today’s analysis covers the SPDR® Portfolio High Yield Bond ETF (NYSEARCA:SPHY), which is a U.S.-centric high-yield corporate bond exchange-traded fund, or ETF, managed by State Street Global Advisors.
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