Bitcoin Deviates Further Away from Dow, S&P 500 as Price Hits $13K
Bitcoin has wholly sidelined its widely-covered correlation with the US stock market. On Thursday, the benchmark cryptocurrency sustained its
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Bitcoin’s Correlation to S&P 500 is “Concerningly High”
Bitcoin has been moving in close tandem with the stock market throughout the past few days and weeks,
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Here’s How Much the S&P 500 Can Fall Without Immediate Stimulus Relief
President Trump said Tuesday he’ll delay stimulus talks until after the election, sending stocks lower.BTIG says the S&P 500 could fall at least another 7% without a stimulus bill.Trump signaled support for some stimulus relief on Tuesday night.President Donald Trump announced Tuesday that he was halting stimulus talks until after
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S&P 500 Hit New Highs After Record Volatility
The S&P 500 benefited from significant global liquidity in the second and third quarter of 2020.Global liquidity is now at risk of subsiding as COVID-19 cases surge, but strategists ring the alarm on lackluster stimulus.Major European nations are restoring new restrictions, causing more havoc on the economy.Throughout the past six
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$575 Billion Fund Strategist Picks 2 Critical S&P 500 Speed Breakers
Federated Hermes chief equity market strategist Phil Orlando considers the election and rising COVID-19 cases as threats to the S&P 500.Economists have lowered their forecast for the fourth quarter, projecting a 4.3% annual economic contraction.Growing uncertainty and nervousness in the markets amidst a declining economy pose major threats to U.S.
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S&P 500 Shudders at 10-Year Winter as Billionaires Fear Tech Stocks
The S&P 500 could stagnate for ten years, a historically accurate indicator and strategists say.The U.S. stock market is at risk of long-term underperformance, especially as the prospect of vaccines by the year’s end worsens.Moderna CEO Stéphane Bancel said the vaccines would not be ready for FDA approval before November
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S&P 500 Just Triggered a Rare Buy Signal
The S&P 500 fell more than 4% in September amid a tech selloff.The index just triggered a rare buy signal, which suggests more gains for stocks.The upcoming U.S. election could bring volatility to the stock market.After rallying sharply from its pandemic-induced bottom, the S&P 500 fell more than 4% in
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3 Reasons These Train Wreck Debates Won’t Derail An S&P 500 Rally
Money managers and strategists believe the S&P 500 could rally again before the year’s end, despite the election risk.Historical market cycles show that election debates typically do not cause massive volatility spikes in the stock market.The increasing probability of a stimulus package and the potential overpricing of a contested election
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75-Year ‘Repressed Liquidity’ Bomb Tempts a 2021 S&P 500 Explosion
Wharton professor Jeremy Siegel foresees a strong U.S. stock market in 2021, due to unprecedented levels of repressed liquidity. Siegel cited rising business productivity, potential vaccines, increased money supply, and rising worker productivity as four catalysts. Tech-heavy indices were the primary beneficiaries of the stock market rally from March to August, and
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A Big Tech Stock Supercycle Tempts Powerful S&P 500 Recovery
Throughout September, profits from Big Tech cycled into the rest of the U.S. stock market, strategists say. Don Townswick, the director of equities strategy for Conning, says tech stocks could become favorable again in October, especially if earnings rebound. A potential Big Tech recovery brightens the outlook on the S&P 500 and
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