Bearish scenario in stock market with bear figure in front of red price drop chart.
A late-day rally on Friday staved off what seems inevitable. If current trends hold, at some point soon, the market is likely to reach bear market territory for the S&P 500, defined as 20% or more below the previous high.
While many cross-currents are causing the current sell-off, the proximate cause of the recent acceleration in the stock declines revolves around fears…
>>>read full article here<<<
U.S. stocks wavered amid a second day of testimony from Federal Reserve Chairman Jerome Powell after he warned that rapidly rising interest rates threatened a recession. The S&P 500 was roughly flat at midday Thursday. […]
(Kitco News) Are we witnessing a reversal in globalization? What are some unintended consequences of sanctions against Russia and the weaponization of the world’s reserve currency — the U.S. dollar? With uncertainty […]
Bank Earnings Were A Mixed Bag getty As previewed last week, earnings season began with 15 S&P 500 companies reporting, with banks and financials dominating the total. Last week, the S&P 500 fell over 2%, […]
Copyright © 2021 | BitcoinPress