What happens if bitcoin ETF is approved? - MMMK 101623b
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 Published On Oct 15, 2023

Last Friday marked the start of earnings season, with JPMorgan, Citibank, and Wells Fargo reporting strong earnings and gains. This week, numerous companies are reporting earnings, including Charles Schwab, Johnson & Johnson, Bank of America, Lockheed Martin, Tesla, Netflix, Procter & Gamble, and more.

Manufacturing data shows a negative outlook, with expectations of a contraction in the Empire State Manufacturing Index and a slight improvement in the Philly Fed Manufacturing Index.

Retail sales are also on the horizon, with a potential drop in the growth rate.

Additionally, the crypto market may experience heightened volatility as the SEC's Gary Gensler pushes for more oversight and potential approval of spot Bitcoin ETFs from firms like BlackRock, Bitwise, and more, starting from October 16th.

In summary, this week is filled with earnings reports, manufacturing data, and retail sales announcements, and the crypto market could see increased volatility due to regulatory developments. Stay informed and prepared for potential market movements.

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