An analyst from Fundstrat suggests that the stock market could soon reach new all-time highs due to a combination of factors.
In a recent CNBC interview, he highlighted that strong fundamentals are bolstering the ongoing S&P 500 bull market.
The U.S. economy has shown resilience against high interest rates, and with the Federal Reserve beginning to lower rates, the outlook is promising.
Additionally, stimulus measures in China and significant cash reserves waiting to be invested could further boost stocks.
He pointed out that small-cap stocks are also nearing previous highs, with a potential breakout on the horizon. Despite recent disappointments, there’s optimism for these stocks, particularly as earnings growth accelerates.
He noted that small-cap valuations are appealing compared to larger companies, suggesting they may be positioned for a multi-year upward trend despite current volatility and uncertainty surrounding market factors.
Revolut, the digital banking app, reported blocking over $621 million in potentially fraudulent transactions involving both crypto and fiat currencies during 2023.
Cathie Wood’s ARK Invest has shaken up its portfolio by snapping up $2.2 million worth of Coinbase shares, signaling a renewed focus on the major crypto exchange.
FTX has filed a motion to settle with Caroline Ellison, the former Alameda Research CEO, requiring her to relinquish nearly all her assets.
The infrastructure developer for decentralized applications (dApps), Semantic Layer, has successfully secured $3 million in seed funding, marking the company’s total financing to date.