IPA - A Mixed Week For Stocks An Embarrassing Week For Lawmakers

Stock market indices stand to finish mixed after a holiday-shortened week where Congressional hearings around GameStop (GME) dominated headlines. The Nasdaq (COMP) may eke out a small gain for the week, while the S&P 500 (SP500) is down about 0.8% at the time of this writing. Dow Industrials (DJI) should finish roughly flat for the week. On the one-year anniversary of the start of the COVID-19 market collapse, the 10-Year TIPS yield neared its highest levels since the plunge in real rates that followed the start of the lockdown. Nominal rates were higher as well, with the 10-Year Treasury yield up to 1.34%. Winners & Losers Bitcoin (BTC-USD) was one of the biggest winners as its market cap hit a record $1 trillion after the digital currency added almost 15% in U.S. dollar terms. “Crypto proxy” stocks Riot Blockchain (RIOT), Grayscale Ethereum Trust (ETHE) and Marathon Patent Group (MARA) all

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A Mixed Week For Stocks, An Embarrassing Week For Lawmakers