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US Stocks Falter, Bonds, Dollar Gain, While Bitcoin Soars Past $43,000 On Rising Institutional Interest: What’s Driving Markets Tuesday?

The momentum on Wall Street during Tuesday’s session continues to lack strength as investors carefully scrutinize the most recent economic data. Moody’s decision to lower China’s credit rating outlook from stable to negative also weighed on risk propensity. While service activity showed a better-than-expected uptick in November, October’s job openings fell substantially, marking notable underperformance compared to earlier predictions. The dollar is trending higher, up 0.3%. U.S. Treasuries also soared, with the popular iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) rallying 2%. Gold and silv…