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Bitcoin Price Could Dip Before Next Rally, Expert Says, Highlighting Levels To Watch Out
Sunday, September 10, 2023 - 12:14pm | 563Cryptocurrency expert Benjamin Cowen suggests that Bitcoin (CRYPTO: BTC) may encounter one more dip before it embarks on its next significant bull market. Cowen's forecast, which he shared on his YouTube channel over the weekend, hinges on the timing of this potential low, which could lead...
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Michael Burry Is A 'One-Trick Pony' And Will Be Wrong With The Big Short Trade, Investor Says
Thursday, August 17, 2023 - 1:05pm | 494In the backdrop of a roaring market rally, a familiar name emerged with a contrarian view. Michael Burry, whose legendary bearish bet on the U.S. housing market inspired the film “The Big Short," appeared to be challenging market bulls during the second quarter. The broad market SPDR S&P...
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Dow Jones Hits Milestone: 10th Straight Day In Green, Longest Winning Streak Since 2017
Friday, July 21, 2023 - 4:29pm | 685The Dow Jones Industrial Average (DJIA) recorded its tenth consecutive positive session Friday, marking the index’s longest winning streak since August 2017. The blue chip index had only gained 0.01% at the end of the trading day Friday, highlighting the suspenseful nature of this...
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How To Earn $500 A Month From SPY Stock
Thursday, June 29, 2023 - 2:07pm | 454This month, the SPDR S&P 500 ETF Trust (NYSE:SPY) marked a milestone as it closed above the threshold that delineated its exit from the longest bear market since 1948. Rising 0.6% to close at 4,293.93 on June 8, it registered a gain of more than 20% from its low on Oct. 12, 2022. The bear...
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A Powerful Contrarian Indicator Signals Now Is The Time To Sell: Bullishness Among US Individual Investors Hits November 2021 Highs
Thursday, June 15, 2023 - 5:25pm | 578Individual investors are increasingly optimistic about the stock market, according to the latest American Association of Individual Investors (AAII) Sentiment Survey. The AAII Sentiment Survey is a widely recognized poll that evaluates individual investors’ sentiments or opinions about the...
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Overheated Market? Fidelity's Jurrien Timmer Believes It's 'Almost' In A New Bull Run
Monday, June 12, 2023 - 10:33pm | 671Jurrien Timmer, Director of Global Macro at Fidelity, believes the market is almost in a new bull run and said that the earnings outlook is improving. Indeed, the index officially entered a bull market on June 8, surging more than 20% since its October 2022 lows. "Yes, the S&P 500 is up 20%...
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S&P 500 Bull Market Kicks Off, But The Dominance Of 7 Stocks Leaves S&P 493 In The Dust
Friday, June 9, 2023 - 11:29am | 696The S&P 500 index, represented by the SPDR S&P 500 ETF Trust (NYSE:SPY), officially entered a bull market on June 8, surging more than 20% since its October 2022 lows. The S&P 493 index, which excludes the performance of only seven of the 500 largest U.S. stocks, remains nearly...
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Historical Averages Of Bull Markets And Bear Markets: Understanding Market Cycles
Thursday, May 25, 2023 - 2:29pm | 659Understanding the historical averages of bull markets and bear markets can provide valuable insights for investors and analysts. Bull and bear markets are cyclical phases in financial markets that alternate between periods of rising prices and optimism (bull markets) and falling prices and...
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Bitcoin Indicator Just Turned Positive: Could It Indicate Another Bull Market?
Tuesday, April 18, 2023 - 12:43pm | 474A lesser-known but historically accurate Bitcoin (CRYPTO: BTC) price indicator has turned positive, signaling the potential start of a significant bull market. For the first time since October 2021, Bitcoin's reserve risk multiple has crossed above zero, as reported by blockchain analytics firm...
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Nasdaq 100 Index Officially Enters A Bull Market: History Suggests Returns Will At Least Double From Here
Thursday, March 30, 2023 - 9:49am | 545The Nasdaq 100 index, which includes the hundred largest non-financial firms listed on the Nasdaq stock exchange, officially entered a bull market at the end of the trading day on March 29, 2023. The tech-heavy index, which is perfectly replicated by the Invesco QQQ Trust ETF (ARCA: QQQ...
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Jim Cramer Tells Investors To Stay Selective Amid Rally: 'Understand Difference Between Hype And Hope Versus Cold Hard Reality'
Tuesday, February 7, 2023 - 10:34pm | 412Prominent market commentator Jim Cramer expressed surprise at the market movement on Tuesday and said investors should stay selective with stocks despite the market's strong run. "It's insane that so many people seem to believe the Fed will go from slamming the brakes on the economy to hitting the...
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Ken Fisher Believes Wall Street Is On Verge Of A Roaring Bull Market: Inflation Is 'Deader Than A Doornail'
Wednesday, January 18, 2023 - 8:36am | 396Ken Fisher, founder and chairman of Fisher Investments has reportedly said that Wall Street is on the verge of a "roaring bull market" similar to 1967's "summer of love," which witnessed a stunning stock rally while also stating that inflation is dead. “It's deader...
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What Bear Market? The Dow Is Officially In A Bull Market And The S&P 500 May Follow Suit
Friday, December 2, 2022 - 12:50pm | 809The Dow Jones Industrial Average index has surged about 20% since Oct. 13 after printing a double bottom pattern near the $28,700 mark and forming a V-shaped reversal. Although the S&P 500 has rebounded 15% since that same date, it hasn’t been able to prove the recent bear...
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Elon Musk Teases 'Cryptocurrency Bull Run Is Over'
Monday, May 24, 2021 - 9:26pm | 648Tesla Inc (NASDAQ: TSLA) CEO Elon Musk took a lighthearted jab at the cryptocurrency crowd on Monday via social media. What Happened: Musk tweeted a “tragic story” titled “the cryptocurrency bull run is over.” Tragic story pic.twitter.com/ACUEG5J5a9 — Elon Musk...
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Why Goldman Sachs Sees 'The Beginning Of A Bull Market In Commodities'
Wednesday, March 3, 2021 - 9:37am | 485According to Goldman Sachs, the demand for these products is not increasing along with supply, thus causing inflationary pressures (as for oil) “It’s all looking one way for commodities. —” that’s what Goldman Sachs (GS) analysts, led by Jeffrey Currie, said in a...