U.S. Stock Market is Overpriced by 16%, Warns Oxford Think-Tank

The stock market isn’t pricing in the risks that lie ahead Oxford Economics warns bloated valuations will bring on a correction Despite breaking above 3,000, the S&P 500 can’t keep climbing Any way you look at it, the stock market is overvalued. That’s what Daniel Grosvenor of Oxford Economics warned this week as the S&P 500 blasted above 3,000. Investors breathed a collective sigh of relief when the index made its way above the key technical level, but Grosvenor cautioned that the market is due for a correction. The S&P…

IMF’s Fed Reserve Warning Risks Rattling U.S. Stock Market Rally

The U.S. stock market slightly declined as the International Monetary Fund (IMF) released a statement. The IMF hinted policymakers may not be accurately assessing economic data after the pandemic. With a drop in consumer spending, exports, and business productivity, policymakers have lots of data to process. The U.S. stock market is probably not accurately pricing in the consequences of the pandemic. The International Monetary Fund (IMF) has warned assessing economic data is becoming challenging due to disruptions in key statistics. The U.S. stock market slightly declined by 0.58% on May…

Market Wrap: Short Seller Liquidations Help Push Bitcoin Beyond $9,500

Bitcoin broke through $9,500 Thursday and those short sellers betting on lower prices got liquidated by some crypto derivatives exchanges. That also helped push the world’s oldest cryptocurrency higher.     As of 20:50 UTC (4:50 p.m. ET), bitcoin (BTC) was trading at $9,447, up 2.9% over the previous 24 hours. Trading seems to support a higher upward climb with a large session of buying around 12:00 UTC (8 a.m. ET) briefly pushing price to as high as $9,526 on exchanges including Coinbase. Bitcoin’s price continued its rising trend from Wednesday, well…

Wait, Did the U.S. Housing Market Really Just Hit Rock Bottom?

Pending home sales fell 21.8% in April and 33.8% annually, recording their biggest plunge ever. This may be as bad as it gets for the U.S. housing market. One economist has already upgraded his full-year forecasts for residential real estate prices and sales. Housing market bulls braced for a grisly pending home sales reading today, and boy did the data deliver. But this sudden collapse in contract signings may have a silver lining. Because although it’s true that this gauge of purchase activity just careened to an all-time low, it…

Smart Money Hasn’t Been This Bearish on the Stock Market Since Obama Was President

Institutional investors are taking up massive short positions in the S&P 500 Index, a sign that the latest relief rally is unsustainable, according to Bank of America. The S&P 500 Index closed above 3,000 on Wednesday for the first time since early March. Despite Bank of America’s bearish call, its CEO believes the U.S. economy is starting to “come out of a hole.” The S&P 500 Index is up 38% from its March low, but the smart money investors on Wall Street aren’t betting on a comeback just yet. According…

Bitcoin and Ether Market Update: May 28, 2020

Total crypto market cap lost $9 billion of its value since Monday morning and now stands at $255.5 billion. Top ten coins are all in green for the last 24 hours with Bitcoin (BTC) and Litecoin (LTC) being the best performers with 3.5 and 2.5 percent of gains respectively. At the time of writing bitcoin is trading at $9,160 on the Bitstamp daily chart, while Ether (ETH) is hovering around $206 and Ripple’s XRP moved up to $0.196. BTC/USD Bitcoin closed the trading session on Sunday, 24 at $8,714 after…

3 Gloomy Metrics Threatening an Abrupt End to the Stock Market Rally

Economic growth, jobs, and spending are slowing down, posing a threat to the U.S. stock market. Economists warn a -4% economic growth rate in 2020, down from -0.2% in March. Fear of missing out (FOMO) is leading the ongoing rally, but gloomy data shows it may be short-lived. Three key data points in growth, jobs, and spending indicate the ongoing stock market rally will be short-lived. Strategists are revising the expected growth of the U.S. economy and jobs market once again, unnerving investors. The Dow Jones Industrial Average (DJIA) surged…

OKEx Joins Coinpaprika to Release India Crypto Market Research Report

Cryptocurrencies are truly global in nature, and anyone anywhere with an internet connection and a wallet can make transactions without any external intervention. The second most populous country, India is one of the fastest-growing crypto markets with a huge potential waiting to be tapped. Recognizing the importance and an opportunity to further the cause of cryptocurrency across the world, OKEx has recently announced the launch of the India Crypto Market Research Report. The world’s largest crypto spot and derivatives exchange have joined hands with Coinpaparika, a leading cryptocurrency market research…

Market Wrap: Bullish Traders Push Bitcoin Over $9,100, Returning to Halving Levels

The price of bitcoin (BTC) shot above $9,100 Wednesday in high-volume buying at around 10:00 UTC (6 a.m. ET) thanks to traders feeling optimistic about the crypto markets.  As of 20:40 UTC (4:40 p.m. ET), bitcoin was trading at $9,162, gaining 3.5% over the previous 24 hours. Trading seems to support a higher upward climb as bitcoin’s price is now above its 10-day and 50-day moving averages, a signal of bullish sentiment. Bitcoin trading on Coinbase since May 25Source: TradingView The question for the market is whether bitcoin’s price can continue…

The Seismic Stock Market Threat No One Is Talking About

The Dow has jumped 35% since March 23, fueled by investors’ optimism. Pay cuts are a big threat to the stock market rally. With less money in their pockets, Americans will spend less, further delaying the recovery. The U.S stock market has rallied since March 23, after plunging more than 30% from February highs. The Federal Reserve’s massive stimulus has helped boost the stock market. Investors are also optimistic about the states reopening and a potential vaccine. Despite those positive signs, many things could derail the stock market rally. Market…