This week has been a whirlwind of market movers, as earnings season continues, the S&P 500 (^GSPC) is on pace to close Friday above 5,000, and Federal Reserve officials continue to comment on the relationship between inflation data and future interest rate cuts. Thornburg Investment Management Co-Head of Investments Ben Kirby joins Yahoo Finance to touch upon all of these major topics, focusing on if there could be new market catalysts on the horizon for stocks. "We want to see how are companies progressing on a fundamental basis. So, again, fourth quarter looks pretty interesting," Kirby says, stating the previous three quarters of earnings were negative for the most part. "The other big topic is really the Fed and interest rates. I think the Fed should maybe get a Nobel Prize for the way they've managed the interest rate moves and the inflation move over the last couple years." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
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Bitcoin rose 5% on Friday to one-month highs, powered by what analysts said was a flurry of buying ahead of April's halving event and as recent outflows from exchange-traded funds slowed. The price rose to a session peak of $47,705, the most since January, after the first U.S. listed spot bitcoin exchange traded products received regulatory approval. The drop in bitcoin went against the grain of other financial markets in recent weeks, as stocks, bonds and gold all rallied on the back of an expectation for global central banks to switch to cutting interest rates this spring.
