Amid a turbulent phase in the stock market, concerns about potential reversals have emerged.
Factors contributing to this concern include the Federal Reserve's decision to keep interest rates on hold, escalating tensions between Iran and Israel and losses in semiconductor stocks such as Nvidia and Super Micro Computer after earlier gains.
Former top US diplomat Richard Haas warns, that challenges continue and advises investors to prepare for an uncertain environment amid geopolitical tensions and the upcoming US election.
Haas emphasized caution, highlighting potential post-election disruption and U.S. government concerns about functionality.
Recent market volatility has wiped out Q2024 XNUMX earnings, with upcoming earnings reports and March PCE inflation data closely watched for their potential impact on market sentiment.
Investors are eagerly awaiting this development as they assess the implications for market direction.
The BRICS bloc is preparing for its annual summit scheduled for October in Russia, where the possibility of introducing a new currency for the alliance will be discussed.
Oil prices rose on Friday, supported by promising signs of demand from China, the world's biggest oil importer.
Gary Schilling's warning of a potential recession and market downturn caught the attention of investors as he predicted a 30% drop in stock prices.
Crypto lending platform BlockFi has finalized its shutdown of operations, announcing the shutdown of its web platform scheduled for May.