What if Coronavirus Never Ended the Bull Market?

Most would agree that stock markets entered a bear market in mid-March, as indices plunged more than 20% from their peak. Ritholtz argues that the bull market that started after the financial crisis has never ended. Even if we are still in a bull market, it might end soon as the economy stares down depression. Some analysts believe the stock market has already bottomed. But what if the bull market never actually ended? After the sudden collapse of the stock markets in mid-March, the general assumption was that not only…

Fed Data Hints Americans Still Too Bullish For Stock Market Crash To End

Survey data from N.Y. Federal Reserve suggests the stock market crash may not be over. Retail investors are still bullish prices will be higher in 2021 than in the present day. Small traders are historically on the wrong end of big moves in the Dow Jones or S&P 500. If bear markets end when investors reach maximum despair, this year’s stock market crash may have further to run. Data released by the New York Federal Reserve indicates that American’s are now more bullish that equity prices will be higher in…

Bitcoin Price Rallies Higher but Must Hit $8K to Start a Bull Market

Bitcoin (BTC) closed the week up 15.4% at $6,775 and has started the day with a further 6% move to the upside, breaching the $7,000 handle and making highs at $7,300.  Looking at performance relative to its peers, Ether (ETH) and EOS have posted an impressive 16% gain over the last 24 hours. As a result, Bitcoin dominance is down 1.5% at 65%. Crypto market daily price chart. Source: Coin360 The total cryptocurrency market capitalization breached the $200 billion level, breaking from the diagonal resistance dating back to February when…

Optimism Is Coming Back in the Stock Market – Will it Last?

Optimism is gaining the stock market, as COVID-19 cases and deaths are declining globally. While lockdown measures appear to be working, we shouldn’t be too optimistic as a second wave of infections might occur. Stocks are trading at attractive valuations, but we should stay prudent since more downsides are likely. Global stock markets surged on Monday as investors are optimistic about slowing global growth in COVID-19 infection and death rates. Lockdowns Appear To Be Working Confirmed cases of COVID-19 worldwide reached 1.27 million over the weekend, according to John Hopkins…

Sell Every Stock Market Rally Because 2008-Style Recession Is Coming: JPMorgan

JPMorgan’s CEO is warning that we’re headed for a stock market collapse similar to the 2008 meltdown. As the novel coronavirus strangles the economy, we can expect a chain of bankruptcies. One prominent investment strategist believes that we’ll face the greatest liquidity crisis of all time. JPMorgan Chase’s top honcho Jamie Dimon is painting a gloomy economic and stock market outlook. Dimon is the only current chief executive who navigated a big U.S. bank through the 2008 global financial crisis. When Dimon talks, the financial world tends to listen. Dimon…

21 Reasons That Shatter Hopes For a Quick Stock Market Recovery

Deutsche Bank says we will not see a V-shaped recovery in the economy or the stock market. The bank highlighted 21 behavioral shifts that will dampen growth in the coming months. Even as coronavirus cases slow, we cannot simply turn the economy back on. Deutsche Bank has slammed any hopes of a quick bounce back in the wake of coronavirus lockdowns. Analysts hoped the stock market would recover in a short-and-sharp V-shaped pattern after plunging 34% in a matter of weeks. Instead, it’s clear this is a long-term crisis. The…

This Coronavirus Insurance Bill Could Crash the U.S. Stock Market

Congress is considering a Pandemic Risk Insurance Act, which would force insurers to compensate businesses. The requirement to insure against coronavirus could force insurers to sell off stocks to meet their losses. A large selloff could crash the U.S. stock market. Coronavirus has already chopped 30% off the Dow Jones since February, but a new bill in Congress threatens to cause yet another massive drop in the U.S. stock market. Proposed by Democrat Representative Maxine Waters, the House Financial Services Committee is currently considering the Pandemic Risk Insurance Act. It…

A Chilling 40% Stocks Drop Warning May Rattle Crypto Market

The US stocks benchmark S&P 500 could fall by as much as 40 percent as the Coronavirus pandemic spreads further, according to Scott Minerd of Guggenheim Investments. If the chief investment officer is correct, then crypto tokens like bitcoin could also plunge massively heading further into this year. An Uncanny Correlation The global crypto market lately fell and recovered in tandem with the US stock market. A study conducted by Binance cryptocurrency exchange found that leading token Bitcoin formed a modest positive correlation with the stock market in the first quarter. Excerpts:…

Coronavirus Could Trigger Mortgage Market Crash as First FDIC-Insured Bank Falls

Mortgage holders could be in trouble as the first FDIC-insured bank falls in West Virginia. High-risk mortgage notes are vulnerable to being called, which would make mortgages due in full immediately. Mortgage holders are under pressure as the coronavirus pandemic sweeps America. West Virginia’s First State Bank became the first bank to fall after the coronavirus pandemic rapidly swept across the United States. The potential closure of more regional banks in the near-term poses an unexpected threat to mortgage holders in the near-term. Mortgage note calls may happen, which may…

Darknet Market to Permanently Ban Vendors Preying on COVID-19 Fears

Dark web marketplace, Monopoly Market, has taken a stand against scammers claiming to sell cures and treatments for COVID-19 on its platform. On other darknet platforms, listings are rife with coronavirus keywords — with vendors selling everything from narcotic cocktails marketed as ‘coronavirus vaccines,’ to coronavirus-infected blood and saliva. Monopoly Market to ban vendors using coronavirus as ‘marketing tool’ On April 2, dark web journalist, Eileen Ormsby, tweeted a screenshot posted by Monopoly Market’s operator that threatened permanent bans against vendors “caught flogging goods as a ‘cure’ to Coronavirus.” “We…