Threat of an ‘imminent’ protection market ‘correction’ flashes unexpectedly – just as S&P 500, Dow and Nasdaq clash file higher

Reserve markets are rising, with Federal Reserve Chairman Jerome Powell fueling expectations of an interest rate cut in September – just one step closer to issuing a “significant” ultimatum.

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The S&P 500 and Nasdaq have hit untapped all-time highs, following in the footsteps of the Dow, which peaked in May despite untapped debt spiral fears troubling investors.

Now, as indecision rages on the white space, one analyst has pointed to the astonishing accumulation market ultimatum bright that has just begun to glow red.

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Barry Bannister, managing director of Stifel and renowned equity strategist, pointed out that the hot Bitcoin and crypto collision, which has seen $500 billion wiped off the combined market in just one day, could lead to “an imminent S&P 500 summer correction.” . market Watch,

07/13 Update: Stocks surged again on Friday, with the Dow rising above 40,000 for the second consecutive time as the second-quarter earnings season began. Wall Boulevard giants JPMorgan, Citigroup and Wells Fargo posted mixed results and ended up falling short in consulting.

Investors are hoping that businesses will turn the slow inflation and flexible fiscal backdrop into earnings expansion in the coming weeks, with the tech giants trailing.

“We just need to see a turnaround in earnings growth coming from the rest of the market, and that’s something we’ll be watching very carefully over the next few weeks,” said Zachary Hill, head of portfolio control at Horizon Investments. In Charlotte, North Carolina, reported reuters,

07/11 UPDATE: The S&P 500 and indexes fell sharply on Thursday, posting their worst performance since last April, as the newly emboldened tech giant winners including Nvidia, Apple and Tesla crashed again.

The pull-back came close to untouched inflation data, which increased expectations of a Federal Reserve interest rate cut in September, with interest rate futures now seeing investors at more than 90% expecting the Fed to cut rates during its September meeting. Will cut rates. That’s up from about 74% on Wednesday, according to CME staff’s FedWatch.

“Clearly the continued decline of headline inflation will bolster the arguments for a Fed rate cut, as is largely expected by the market in the fourth quarter of this year,” Adrian Lee, managing director of finance marketing consultancy Centrus, said in an email. ” feedback.

“The exact timing of a rate cut, however, remains uncertain, and may ultimately depend on the Fed’s balance of inflation risks versus the perceived risk of higher rates to the continued strength of the US economy. All eyes will now be on the direction for any additional signals. But will rest on travel before a rate decision is made at the end of the month, with the next non-farm payrolls and unemployment rates not being released until early August.”

Bannister recently pointed to Bitcoin’s correlation with accumulation markets and particularly the tech-heavy Nasdaq.

“It is the availability of cheap, Fed liquidity that drives the price of Bitcoin,” Bannister said. “Every single dovish pivot for the past 13 years has seen a sharp rise in Bitcoin, and Bitcoin is a illiquid asset that thrives on low interest rates and available liquidity” – similar to accumulation markets.

Today in his second month of testimony to Congress, Fed Chairman Powell said he has “some confidence” that inflation is falling, but he is not able to claim that the battle over inflation has been won.

“Bitcoin has been a good leading indicator for the Nasdaq-100 over the past few years,” Jonathan Krinsky, BTIG’s renowned marketplace technician, wrote in a note ahead of this surge in presence of the S&P 500, Nasdaq and Dow.

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For now, stocks remain bullish as investors anticipate a cut in interest rates by the Federal Reserve.

“Growing confidence on US rate cuts kept the mood upbeat and led to broad gains,” Dan Coatsworth, funding analyst at dealer AJ Bell, said in an emailed response.