Week Ahead | Pacific Edge – Initiation of Coverage Global markets mostly rebounded or finished flat (S&P 500 index -0.01%) on Friday after cryptocurrencies took a new dive to end a turbulent week. The renewed threat of a Chinese clampdown knocked the Bitcoin price. At the same time, US unemployment applications fell to a pandemic-era low. Markets remained choppy but trended sideways last week, with headlines dominated by talk of the US Federal Reserve tapering asset purchases. Fed Chair Powell has reiterated when they do discuss a taper an actual interest rate hike will be well after that. Markets seem to have moved on from COVID, and are now focussed on Inflation & central bank actions/interest rate implications. Crypto was where the action was last week, with bitcoin junkies experiencing wild swings with one trade session seeing night with -31% plunge in morning & +33% in the afternoon. At its worst, Bitcoin dropped about 30% to almost $30,000. Other cryptocurrencies held double-digit percentage losses, pressured in par...