Wall Street and Apple: The rally has not been equal for everybody
March 16, 2023
Would you buy a share of a company that has doubled its value in six months and is now worth the entire annual GDP of Italy? Or would you buy an underperforming stock, based on the hope that it will catch up?
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FAANG stocks: Is the rally over?
March 16, 2023
The first significant warning came on Thursday when the S&P 500 dropped 3.5 percent, and the Nasdaq fell 5 percent. It was the second decline in eleven days. Friday was a wild day, with the stocks recovering from sharp retreats and ending with modest losses. In two days, Apple lost almost 10 percent, Alphanet 7.9 percent and Amazon 6.7 percent.
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S&P 500 and the correction: Is it a good time to buy stocks?
March 16, 2023
The S&P 500 index has risen 50% from the March low, reaching new all-time highs six months later. While the long-term bullish trend remains intact, for the short-term, the chart shows a different picture. Many analysts have started to warn about increasing odds of a market crash. Can this correction be the beginning of a collapse?
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EUR/USD range: What could trigger a breakout? 1.15 or 1.21?
March 16, 2023
The EUR/USD pair continues to move sideways despite all the recent events that include the European Central Bank meeting, last week FOMC meeting, the new strategy from the Federal Reserve, lack of progress in Brexit talks and a deterioration in global risk sentiment.
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Tesla: Rally, split, rally…. Is it time for a correction?
March 16, 2023
On Monday, Tesla shares started to trade after a five for one stock split. The price rose 10%, hitting a new all-time high. From a technical and fundamental perspective, the odds of extreme volatile moves look increasingly likely, in both directions. Lately, price action has been highly volatile, but mostly in one direction.
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Gold and silver: Is it time to buy again?
March 16, 2023
It was a terrible week for precious metals. Silver took the worst part by losing 14.7% and hitting the lowest level in two months at $21.67. Gold declined by 4.5%, also falling to the lowest price since late July. From recent highs, XAU/USD is down by 10% and XAG/USD by 21%. Such a sharp correction could be an opportunity to increase long positions or to re-enter, considering the main bullish trend that is still in place. However, some factors warn the correction might not be over yet.
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Wall Street and the election: It could be another excuse to sell, no matter the outcome
March 16, 2023
The current scenario across financial markets looks ready for an acceleration in equity prices to the downside. In Europe, it has already started. Will Wall Street follow European indexes?
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Wall Street and the election: How big is the risk?
March 16, 2023
The upcoming presidential election poses a risk to financial markets and is already creating economic concerns, visible is the lack of agreement on the next fiscal stimulus package, despite everybody appears to agree that it is necessary.In two weeks, Americans will choose between Donald J. Trump and Joe Biden. The results will likely impact markets and the rest of the world. What does it mean for the economic outlook? Would the outcome make any difference? What can we expect for markets in the short-term?
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US dollar: Still a safe-haven, unclear direction
March 16, 2023
The US dollar is still seen as a safe-haven. The recent appreciation has lost strength as equity markets across the globe recovered ground. Many analysts suggest another wave of risk aversion could trigger a rally of the US dollar. However, the intensity is not uniform across the board.
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US banks to start earnings season and drive market sentiment
March 16, 2023
Wall Street ended last week higher, extending the rally amid stimulus speculation. The Q3 earning season is starting and could boost markets or favor a correction. Top U.S. financial institutions are due this week.
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Bitcoin: Could it rise to $17,000?
March 16, 2023
Many analysts and crypto enthusiasts have been arguing since the creation of Bitcoin about its potential and how high it could climb. Sometimes, those comments have been supported by technical analysis. In the current days, technicals suggest that significant gains over the next months are likely.
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