The S&P 500 is officially entering the bear market
#1

The global stock market started the week deep in red territory. The US leading stock index S&P 500 is about to open in the bear market, while global stocks are collapsing and bond yields are rising. Among the main reasons for the growing volatility are worries about high inflation and expectations for a drastic increase in Fed interest rates at the meeting, which will begin tomorrow and last until Wednesday.

Futures on the S&P 500 showed a decline of more than 2% on Monday, given that a decline of more than 1.3% at the end of trading on Monday will officially strengthen the entry of US markets in the bear market, defined as a decline of 20% from the top. Nasdaq quotes show a higher decline in technology stocks, by about 3% so far.

The situation in Europe is no different. The German DAX is trading at 2% lower levels than last week, and since the beginning of trading today has not moved into positive territory. The French Cac 40 also dropped by about 2%.

The cryptocurrency market collapsed further on Monday and the total market capitalization of all digital assets is just over 1 trillion. dollars - three times less than at its highest point. The news that the crypto bank Celsius stops withdrawing money from customers is one of the main reasons for the collapse, but the news fed the cycle rather than create it. The main cryptocurrencies were deep in the red territory even before Celsius' statement. This is another drop of between 10 and 20% in the market over the last two months, with nothing suggesting that cryptocurrencies have bottomed out.


https://www.capital.bg/biznes/pazari/202...chi_pazar/
Reply


Forum Jump:


Users browsing this thread: