Current stock futures see European market correlations tightening, as US equity futures track movements in DAX and FTSE indexes following key trade data releases. Most importantly, though, Bitcoin is scarcer. There will only ever be 21 million units in circulation. This hard supply cap can't be altered. On the other hand, if demand for gold suddenly shot up, it would become economically feasible to explore other mining techniques to grow the supply. "The market appears unconcerned," Louis Navellier, founder of Navellier & Associates, said. "The hopeful dip buyers are going to have to wait. Momentum remains positive." Current stock futures point to a cautious open, with markets awaiting Fed Chair remarks that could influence short-term yield curves and equity risk appetite. Bond market signals are providing mixed clues for traders.
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