# Commentary: Paul Ebeling on Wall Street

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Last modified: 2021-09-07

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By Paul Ebeling · 2021-09-07
Tags: Shayne Heffernan on Investments, Stocks, Fed, Paul Ebeling, Opinion, Paul Ebeling, Knightsbridge Insights, WallStreet, PaulEbeling, Chinc
Signed: no (published before platform launch).
Nothing in this article is investment advice.

[#WallStreet](https://www.livetradingnews.com/tag/wallstreet)[#PaulEbeling](https://www.livetradingnews.com/tag/paulebeling)

[$DIA](https://stocktwits.com/symbol/DIA) [$QQQ](https://stocktwits.com/symbol/QQQ) [$RUT](https://stocktwits.com/symbol/RUT) [$SPY](https://stocktwits.com/symbol/SPY) [$SPX](https://stocktwits.com/symbol/SPX) [$SOX](https://stocktwits.com/symbol/SOX) [$VXX](https://stocktwits.com/symbol/VXX)

*“The sentiment says, there is no Bubble in this market, and Bitcoin is the future despite billionaire haters"*--Paul Ebeling

Last Week

Stocks were mixed Friday following the release of the Labor Department's August NFPs, though up on the week.

Bitcoin (BTC-USD) breached $50,000 for the second time in 2 wks, extending a rally that put the May selloff in the rear-view mirror. 

With a majority of decentralized finance and non-fungible token (NFT) trading happening on the Ethereum (ETH-USD) blockchain, the 2nd largest cryptocurrency by market capitalization rose by a 3rd from $2,700 to $3,900, a growth rate 17% higher than BTC.

The technicals 

Over the Key technicals on the us major stock market indexes are Bullish with a Very Bullish Bias.

This week

Mr. Biden will make his choice this week on whether to renominate Fed Chairman Powell to a 2nd term

El Salvador’s Bitcoin law takes effect, making the virtual currency legal tender Tuesday

Dallas Fed President Kaplan holds a virtual town hall discussion Wednesday

ECB President Christine Lagarde holds a press conference after the bank’s rate decision Thursday

China PPI, CPI, new yuan loans, money supply, aggregate financing come Thursday

Have a prosperous week, Keep the Faith!

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