Market decline

Why the recent market decline was probably just a shake up before a major rally

The recent market downturn has many people wondering if this is the start of a bigger correction or just an upheaval before a rally in the fourth quarter. I lean towards the latter for the following reasons: seasonality, Fed, technicals and sentiment. Seasonality is negative in the short term, but positive until the end of […]

Market decline

A major stock market decline is still hiding: strategist

The market is fighting fiercely to ignore a carousel of concerns ranging from the expiration of the debt ceiling to the potential contagion of a burst of over-indebted Chinese real estate development Evergrande. But any recovery from recent lows may prove short-lived, says Binky Chadha, chief market strategist at Deutsche Bank. The seasoned strategist reiterated […]

Market decline

Profit-taking persists as stock market falls by N17 billion

Darasimi Adebisi The Nigerian stock market yesterday extended bearish sentiment to two consecutive trading sessions as investor wealth fell by N17 billion. The negative performance is due to the sell-off sentiment in the banking sector. In summary, the NGX All-Share (ASI) index lost 32.57 points, down 0.08% to close at 38,873.85 points. Likewise, the overall […]

Market decline

Why I’m so excited about this drop in the ASX stock market

The S & P / ASX 200 Index (ASX: XJO) fell 2.1% yesterday. I think this is an exciting time to find opportunities in the ASX stock market. There are early indications that the ASX 200 could drop another 1% today, or at least start to drop 1%. Why the fall of the ASX stock […]

Market decline

Chinese real estate market blamed for decline in global crypto market

China-based crypto veteran Collins Wu revealed via Twitter that Hong Kong’s main exchange, the Hang Seng Index, hit a one-year low today after dropping 7%. Prior to this drop, the index’s largest drop was 18%. Tweet from Collins Wu. Source: Twitter He further revealed that an 11% loss of shares in the famous real estate […]

Market decline

Should Bitcoin Traders Really Be Worried About A Major Market Drop

Disclaimer: The conclusions of the following analysis are the sole opinions of the author and should not be construed as investment advice. So far, Bitcoin has seen highs and lows in 2021. The first and second quarters started on a positive note as Bitcoin continued to climb to more recent highs each month. On the […]

Market decline

Stocks mostly end lower as investors analyze data and market decline in China

US stocks fell on Thursday as investors weighed in mixed signals in the latest US economic data and a stock market pullback in China. Major indices have lost ground this month as investors fear stocks may suffer a setback after climbing throughout 2021. Analysts are also examining how the spread of the Delta variant of […]

Market decline

82.83 billion naira stock market decline on profit taking

Nigerian Stock Exchange 82.83 billion naira stock market decline on profit taking Transactions in the Nigerian stock market yesterday closed the first trading session of the week on a negative note, falling to 82.83 billion naira as profit taking dominated all major sectors. The aggregate market capitalization fell to 20.490 trillion naira from the 20.57 […]

Market decline

82.83 billion naira stock market decline on profit taking in Dangote Cement, 17 more

Darasimi Adebisi Transactions in the Nigerian stock market yesterday closed the first trading session of the week on a negative note, falling to 82.83 billion naira as profit taking dominated all major sectors. The aggregate market capitalization fell to 20.490 trillion naira from the 20.57 trillion naira it opened for trading, while the All-Share (ASI) […]

Market decline

Materials and tech stocks lead US stock market decline – US Daily Sector Wrap

US stocks fell 0.7% today, fueled by a 1.5% drop in materials stocks and a 1.0% decline in tech stocks. Materials inventories are currently up 19.8% year-to-date and 37.1% in the past 12 months. Tech stocks are currently up 23.6% year-to-date and 43.4% in the past 12 months. Meanwhile, the S&P 500 Index is currently […]