Bitcoin's current market structure is similar to its setup before reaching its all-time high in November 2021, suggesting a potential bullish trajectory for the leading cryptocurrency, according to crypto expert Credible Crypto, who believes a breakout from the accumulation range could lead to a 120% rally and new all-time highs this year. However, a drop below $24.8k would invalidate this prediction.
A stock market rally is likely to occur in the near future, as recent data indicates that a bounce is expected after a period of selling pressure, with several sectors and markets reaching oversold levels and trading below their normal risk ranges. Additionally, analysis suggests that sectors such as Utilities, Consumer Staples, Real Estate, Financials, and Bonds, which have been underperforming, could provide upside potential in 2024 if there is a decline in interest rates driven by the Federal Reserve.
The stock market has been riding high in 2023, but recent market trends and uncertainties about interest rates and inflation have led to a pullback in August, leaving investors unsure about the future direction of the market. It is advised to stick to a long-term investment plan and remain focused on investment objectives and risk tolerance.
The stock market experienced a sharp decline as early gains turned into a selloff, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all falling; concerns over rising bond yields and inflation contributed to the sell-off.
After a strong rally, the stock market's rapid climb stalled in August, which could be seen as a relief as a choppy market with periodic downturns is more sustainable and advantageous in the long run.
Stocks are overvalued and a recession is expected in the first half of next year, according to economist Steve Hanke. He predicts that inflation will cool, Treasury yields will fall, and house prices will remain stable.
Not all stocks are experiencing the current market rally, as small-caps are lagging behind.
The S&P 500 has rallied in 2023 due to factors such as cooling inflation, a strong economy, and a positive outlook for earnings, but concerns over credit market volatility, monetary policy uncertainty, and steep valuations pose risks to the bull market rally.
Stocks rally as job openings decline in July, bonds rally on softening job market and odds of interest rate pause, court rules SEC needs more reasoning to block Grayscale's Bitcoin ETF, and other market movements.
Wall Street's rally in stocks is expected to pause as investors await new data on jobs and GDP to determine whether the US economy has been impacted by Federal Reserve tightening.
Job growth in the US slowed in August, signaling the impact of high interest rates, which has given traders hope that the Federal Reserve might pause hikes; US stocks rallied on the news, with the S&P 500 on a four-day winning streak and regaining some of August's losses.
Stocks are expected to rally next month, with the S&P 500 potentially reaching its previous highs, according to Fundstrat's Tom Lee, who cited reasons such as a cooling economy, no further interest rate hikes from the Fed, overly bearish sentiment in August, and historically strong performance in September.
The S&P 500 started off strong in 2023 but faced a downturn in August, and Wall Street is divided on where the market is headed, with some predicting a further drop and others expecting a rebound.
Stock investors have been reacting positively to "bad economic news" as it may imply a slowdown in the economy and a potential halt to interest rate hikes by the Federal Reserve, however, for this trend to change, economic data would have to be much worse than it is currently.
The stock market has been stagnant for over a month and it is expected to decline in its next move.
US stocks are experiencing their worst performance in September since 1928, but there are signs that the market could avoid a steep downturn this year, with indicators suggesting more stability and positive gains for the rest of the year, according to Mark Hackett, chief of research at US investment firm Nationwide. However, challenges such as elevated oil prices and inflation could put strain on the stock market and the US economy.
The rally in technology stocks in 2023 may be in trouble, signaling a potential downturn for the sector.
U.S. stock investors are closely watching next week's inflation data, which may determine the future of the equity rally, as signs of a soft landing for the U.S. economy have contributed to the S&P 500's gains, but too high inflation could lead to fears of higher interest rates and stock sell-offs.
India's stock market has seen a rally as strong macroeconomic fundamentals and China's economic slowdown keep foreign investors invested in Indian stocks, while a surge in retail investor interest continues to drive the market.
The stock market is disregarding signs of an economic slowdown, despite historical evidence suggesting it could be a cause for concern.
The stock market has been strong in 2023, but there are still bargains available, such as Block and Safehold, which are slightly above their 52-week lows.
Summary: U.S. stocks slumped amid mixed sentiment about the economy, with only the Dow Jones Industrial Average rising for the week, while Asia-Pacific markets mostly fell, and China's venture capital investment dropped by 31.4% compared to 2022 due to its sluggish economy and geopolitical tensions discouraging foreign investors.
Big Tech stocks, driven by the promise of artificial intelligence, are experiencing a slowdown in their massive rally due to the Federal Reserve's indication of a restrictive monetary stance, causing declines in some tech giants' stock prices.
The stock market's decline has intensified recently, leading to concerns about how far it could fall.
US small-cap and industrial stocks are dropping, typically signaling a recession, but some investors are dismissing the moves as noise for now, with hope for stocks coming in the form of anticipated earnings season and the Federal Reserve's forecast of stronger economic growth.
Stocks are falling sharply as the fantasy of rate cuts turns into the nightmare of higher rates and inflation, potentially leading to a significant decline in the S&P 500 and the end of the summer rally.
The UK economy is expected to slow in 2023 and 2024 due to high interest rates, continued uncertainty, and low productivity, with GDP growth predicted to drop to 0.4% this year and 0.3% in 2024, according to economists at KPMG and the OECD.
Stocks slid as fears of higher interest rates, a decline in consumer confidence, and a potential government shutdown weighed on investor sentiment, leading to losses in the S&P 500 and Dow Jones Industrial Average.
The U.S. stock market has experienced a decline due to conflicting economic news and a surge in bond yields, which may be driven by factors other than data, such as fiscal deficits and central bank policies.
A majority of Wall Street investors are concerned about the stock market's gains in 2023 and believe that it could retreat further as the risk for a recession increases.
The current stock market decline, driven by a "confluence of factors," does not indicate a financial crisis and presents an opportunity for investors to buy stocks, according to DataTrek Research.
Investors are concerned about the recent stock market decline due to surging oil prices, rising bond yields, and worries about economic growth, leading to a sell-off even in major tech companies and potentially impacting President Biden's approval ratings.
Jim Cramer suggests that the stock market could rally due to a downtrend in oil prices, with major indexes experiencing gains.
The stock market's seasonal weakness in August and September may set up a rally in the final quarter of 2023, historically the best quarter for U.S. stocks, according to market strategists, despite the recent worst month and worst performing quarter for the S&P 500 and Nasdaq Composite.
The recent two-week selloff in the stock market confirms a weak market and raises the possibility of new lows, indicating that the so-called bull market was just a rebound and the next bull market will be driven by different factors. Investors should focus on traditional fundamentals and cash reserves rather than poor investments.
The U.S. stock market has seen a sharp rise in 2023, but the gains have been driven by a small number of technology companies, while the overall market performance has been lackluster compared to previous years, indicating a potential risk for investors.
Market veteran Ed Yardeni predicts a year-end rally in the stock market, driven by strong corporate earnings and resilient economic growth, despite potential risks from higher interest rates.
The market is experiencing a gradual decline after a summer rally, as inflation remains above the target range and there are concerns about a forced correction of the economy due to the higher for longer rate environment; the overvalued nature of equity valuations also contributes to the risk of a broader market crash.
The stock market is expected to experience a temporary rally before exhausting itself, according to technical strategist Tom DeMark, who predicts a retracement of the recent decline and a potential 62% replacement of the entire decline.
Stocks on Wall Street experienced a selloff as rising Treasury yields and hawkish comments from Federal Reserve policymakers put pressure on investors and dampened appetite for stocks, with the S&P 500 and Dow Jones Industrial Average both dropping around 1.1% and the Nasdaq Composite down over 1.5%; however, stocks somewhat recovered from their lows in midday trading as investors digested fresh comments from Cleveland Fed President Loretta Mester.
The stock market's decline has pushed the Dow into negative territory for the year, and the focus is now on the S&P 500's approaching level of support at 4,200.
The current rally in stocks since October 2022 is one of the weakest bull markets on record, with elevated valuations and monetary tightening measures limiting upside potential, according to Ned Davis Research.
The recent rally in the U.S. stock market is likely a short-term uptick within a longer-term downtrend, as the optimism of stock market timers exceeds historical expectations.
Market veteran Ed Yardeni forecasts that stocks could rally in the last stretch of the year due to the Fed's likely halt in interest rate hikes and strong corporate earnings, potentially leading to a year-end Santa Claus rally.
A rally in the S&P 500 in the fourth quarter of 2023 is more likely than not, according to Morgan Stanley's Michael Wilson, as investors maintain confidence in current levels despite concerns about interest rates and economic growth.
The stock market rally faces further losses as volatility increases and the 10-year Treasury yield reaches almost 5%, but there is hope for a bounce as market fear gauges rise; Tesla plunges in volume due to weak earnings and a lack of growth, while stocks like Adobe, Arista Networks, Microsoft, Palantir Technologies, and Meta Platforms are worth watching for potential buying opportunities.
Despite the current strong rally, the American stock market is not expected to reclaim its previous peak in the near future due to geopolitical risks, uncertainty about inflation and interest rates, and political dysfunction in Washington, resulting in a slow grind lower, leaving room for both bullish and bearish sentiments.
The consensus world economic and market view for 2024 suggests weaker growth and a possible U.S. recession, leading to a strong bond rally; however, recent economic indicators from the United States and China point to the possibility of a different outcome with revving up economies and accelerating momentum.
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