Weekly Analyst Update — March 29

  • Small-cap stocks lagged the major indices last week, with the Russell 2000 benchmark down by close to 3%.
Delta has partnered with eToro to allow users to invest via an accredited and bespoke platform.
  • The new rules also require firms to prove to the SEC they are not owned or controlled by an entity of a foreign government and to name any board members who are government officials.
  • Some Chinese stocks plummeted over 20% in response.
  • However, Covid cases have increased again in the US. Overall, the vaccine rollout is going pretty smoothly in the US with Biden asking for 200 million vaccines in 100 days and economists raising their forecasts for economic growth to 5.95% in 2021, which would show the fastest growth burst since 1983.
  • The AstraZeneca vaccine has come under scrutiny this week after slow rollouts as well as announcing a change in its effectiveness, from 79% to 76%.
  • AstraZeneca has also struggled in terms of production and is receiving backlash from governments around the world.
  • The uptick was brought upon, in part, due to the Evergreen cargo ship that got stuck in the Suez tunnel.
  • However, prices fall back below 60$, after trading around 70$ just a few weeks ago.
  • However, prices have recovered since.
  • Despite the price performance, there were some major news announcements for BTC this week: Elon Musk said Tesla will hold its Bitcoin revenue.
  • In addition, the first Bitcoin ETF in the US may soon become a reality, as Fidelity has filed a preliminary registration statement for the fund with the SEC.
Delta has partnered with eToro to allow users to invest via an accredited and bespoke platform.
  • Good Friday holiday around the world (Thursday-Friday)
  • NFP report in the US (Friday)

Employee at Delta Crypto Portfolio Tracker

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