Tag Archives: Respite

(Bloomberg) — One of Wall Street’s most prominent bears sees the current rally in US stocks extending — prior to the selloff recommencing. Most Read from Bloomberg Morgan Stanley strategists led by Michael Wilson say the S&P 500 Index may climb another 5% to 7%, before resuming losses. “We think US equity markets can rally further,” they wrote in a note, with a decline in both bond yields and oil prices having eased some worries around runaway inflation and helping the benchmark snap a… Source link

(Bloomberg) — Most Read from Bloomberg Bitcoin rebounded from a swoon below $30,000 as a selloff in stocks moderated and a bout of calm washed across global markets. The world’s largest digital token added as much as 5.4% to $32,636.08 as of 7:48 a.m. in London. Ether at one point climbed 6.4%, while coins like Solana and Avalanche were also in the green. Bitcoin’s earlier plunge had taken it to levels last seen in the middle of 2021. Whether the calm will last is an open question…. Source link