Market Brief 16 October, 2024

Good evening, investors and traders! The markets are showing signs of strength today, with the S&P 500 Index (GSPC) up by 0.42% to 5,842.55 and the Nasdaq 100 Index (NDX) up by 0.02% to 20,187.21. Several key economic events are on the horizon, including the ECB's President Lagarde speech and the release of the Consumer Price Index (YoY) for Italy. The crypto market is also seeing some movement, with Bitcoin surpassing $68,000 and several altcoins experiencing significant gains. Investors are closely watching the upcoming US election, with Donald Trump's odds of winning increasing on prediction markets. The recent surge in Bitcoin and the rise of Trump's odds have fueled a bullish sentiment in the market.