Tokenization is often associated with cryptocurrency, but now Wall Street is looking to tokenize stocks. What do investors need to know about a digital stock market?
The two main features today come after lunch starting with Fed minutes and concluding with Nvidia's post-close results. High yields have stocks down three straight sessions.
As Kevin Warsh takes over as Federal Reserve chair with his own goals, he may face challenges even beyond rate policy, from inflation to independence to a bulbous balance sheet.
Stocks are shaky following Friday's sell-off in reaction to rising yields and oil. Treasuries might continue calling the shots in a week dominated by retail earnings and Nvidia.
Both the S&P 500 and Nasdaq Composite hit fresh all-time highs this week as money continued to flow into the tech space. However, today's spike in Treasury yields is triggering some profit taking.
Inflation remains elevated, keeping the Fed on hold and pushing rate cuts out of view, while energy prices and geopolitical tensions complicate the outlook.
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Today's Options Market Update
Ready or Not, The Digital Stock Market Is Coming
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Nvidia Results, Fed Minutes Loom as Losses Mount
Are You There, Inflation? It's Me, Kevin Warsh
Yield Watch: Rates in Focus Before Retail Results
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Schwab Market Perspective
Why Markets Are Shrugging Off Sticky Inflation