The laws of supply and demand
US President Trump spoke to Congress last night. Congress will not do anything about it.
Financial markets are getting used to the terrifying idea of 10-year US bond yields over 2.7%. This is below the economic concept of fair value for a bond, and it is likely to remain below the economic concept of fair value for a bond. It is very unlikely to worry the Fed, which should signal today that they are on course to raise rates at their March meeting.
The Euro area releases consumer price inflation. A small dip on base effects is likely. No sensible central banker would pay attention to that. A sensible central banker would look at the broader economic trends and conclude that ultra-accommodative policies are not needed. The question is whether the ECB is headed by a sensible central banker.
Facebook has announced that they are banning cryptocurrency adverts. Late-stage bubbles rely on sucking in money from large numbers of ill-informed people to benefit a small number of bubble sellers. Depriving a late-stage bubble of publicity may impact demand. Cryptocurrency supply can only ever go up. Supply up, demand down has obvious implications for value.