4 Signs Point to Possible S&P 500 Downturn: A Crypto Perspective

Jonathan Stoker Jan 08, 2024, 07:50am 191 views

4 Signs Point to Possible S&P 500 Downturn: A Crypto Perspective

S&P 500 Index Closes at 4,697 Points, Indications of Potential Downward Trend

Could the S&P 500 Index see a Downturn?

Key Indicators of a Potential Decline

Additionally, Saxena pointed out that the NAAIM (National Association of Active Investment Managers) has exceeded the 100 mark. This situation indicates a high level of bullish activity among active investors who are both injecting and pulling money whilst reaping the benefits. Once a downward trend hits, these investors are likely to withdraw until the market stabilizes.

In his final point, Saxena drew attention to the rising U.S. Treasury bond yields, which could potentially impact stocks. Higher yields generally result in a decline in stocks as Treasury yields offer better returns than the Wall Street market.

Edited by Jonathan Stoker

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