“Few are asking, ‘what happens if pivot?’ – perhaps a better question is: when sustainable bottom? In other words, this is not March 2020; a recessionary bear market takes longer to bottom; among other things, the economy needs to actually bottom for the market to bottom,” Callum Thomas, head of research and founder at Topdown Charts, wrote in the latest edition of Weekly S&P500 ChartStorm, commenting on data shared by Gerli.
Related posts
-
Bitcoin ETFs break record with $1.38b inflows led by BlackRock’s IBIT
On Nov. 7, U.S. spot Bitcoin ETFs recorded a historic $1.38 billion in net inflows, marking... -
Bitcoin (BTC) ETFs See Record $1.3B Inflows on Trump Win, Fed Rate Cuts
BTC trades above $76,000 in Asian morning hours Friday, up nearly 10% over the past week.... -
Fed Cuts Rates by 25 Basis Points, Bitcoin Price at Record as Powell Says Trump Win Has ‘No Effect’ on Policy
CryptoX is a multi-platform publisher of news and information. CryptoXtrade has earned a reputation as the...