Latest news with #Fear&GreedIndex
BusinessToday
23-05-2025
- Business
- BusinessToday
More Upside Forthcoming For Bitcoin
Bitcoin has soared to a record-breaking high of RM472,299 (US$111,881), marking a significant milestone for the world's most prominent cryptocurrency and fuelling renewed optimism in the digital asset space. Malaysian crypto exchange Luno Asia Pacific General Manager Aaron Tang said, despite the historic price surge, retail investor interest remains relatively low compared to past bull runs as indicated by the Fear & Greed Index. 'Currently, the index is at 72, indicating 'greed', which suggests there may still be room for growth if retail participation picks up,' Tang said. He shared that, unlike previous cycles, this rally is largely fuelled by strong institutional demand by big players like Strategy Inc (formerly MicroStrategy), BlackRock and Grayscale through direct Bitcoin holdings and exchange-traded funds. 'Hence, the market sentiment remains positive but not overheated,' Tang said. Related
Yahoo
15-05-2025
- Business
- Yahoo
Inside the historic $8 trillion market comeback
In early April, Wall Street threw a temper tantrum that would make a toddler proud. Fearing President Donald Trump's chaotic trade war would ignite a global recession, investors scrambled to dump US assets. The rare simultaneous selloff of both stocks and bonds reflected a serious loss of confidence in White House policy. Then Trump changed his tune. The president paused so-called 'reciprocal tariffs' for 90 days and later slashed tariffs on China, though many items still face higher tariffs than before the Trump administration. US stocks reversed course, too, setting off a historic rally on Wall Street in the past month. The S&P 500 has now fully erased the year's losses and gained nearly $8 trillion in market value since its April 8 lows. It's a remarkable comeback that underscores palpable relief among investors and easing recession fears since Trump's stunning reversal. 'The markets had a tantrum and stomped their collective feet and got what they wanted: Trump to back off,' Ed Yardeni, president of investment advisory Yardeni Research, told CNN in a phone interview. 'Trump realized he was toying around with liquid nitroglycerine and that it was time to back off.' The early 2025 selloff was breathtaking in its speed and intensity. It took just 22 days for the S&P 500 to close in correction territory, a 10% drop from its record highs in November — a fraction of the time it normally takes to get a correction, according to CFRA Research. The S&P 500 narrowly avoided plunging into a bear market. 'It was a free-fall moment,' said Kevin Gordon, senior investment strategist at Charles Schwab. 'Investor sentiment got to panic levels.' The recovery has been just as swift, the fastest since 1982. It took 25 trading days to go to positive territory from down 15% on the year, according to Bespoke Investment Group. In times of gloomy sentiment, investors might spark speedy rebounds when they finally see a situation change. 'Investors think the worst is likely over and that the reason for the panic has largely been undone,' said Sam Stovall, chief investment strategist at CFRA Research. The whipsaw action in markets underscores how hard it is for even the smartest minds on Wall Street to time markets. And why Nathan Rothschild famously said, 'The time to buy is when there's blood in the streets.' The CNN Fear & Greed Index of market sentiment signaled 'extreme fear' among investors in April, crashing to three on a scale of one to 100. The gauge has since completely rebounded and is now in 'greed' territory (and heading toward 'extreme greed'). The tech sector has largely led the rally after the Trump administration's decision to exclude smartphones and other electronics from country-specific tariffs. Apple (AAPL) and Amazon (AMZN) stocks have surged more than 20% apiece since the April 8 low. Nvidia (NVDA) has spiked more than 40%. But the upswing goes broader than tech. Consumer discretionary, industrials, communication services and financials have all rallied on Wall Street in the past month. Each time tariffs have been dialed back, forecasters have cut their odds of a recession. The chance of a US recession is now less than 50%, according to JPMorgan Chase economists' forecast, down from 60% in early April before Trump's 90-day pause on country-specific tariffs. Goldman Sachs now sees a 35% chance of a recession, down from 45% before the US-China breakthrough on trade. And recession chances on prediction platform Polymarket have plunged from 66% to 39%. 'There was a tremendous amount of anxiety about Trump's tariffs causing turmoil and uncertainty and increasing the likelihood of a recession, not just in the US but on a global basis,' Yardeni said, adding that 'Trump couldn't afford to let this issue fester.' And the odds of a recession don't have to be zero for investors to pile back into stocks. 'If zero is knowing nothing and 10 is knowing everything, Wall Street nibbles at 3 and does full-blown buying at 5,' said Stovall. Of course, the US economy is not out of danger. US tariffs have still skyrocketed, just not as high as a few weeks ago. The average effective tariff rate stands at 17.8%, the highest since 1934, according to The Budget Lab at Yale. US tariffs on China are no longer at 145%, but they're still elevated at 30%. That's low enough to unfreeze trade but high enough to still cause price increases. And no one knows exactly how those still-high tariffs will hit the US economy – not even the Federal Reserve. 'This is still relatively extreme trade policy,' said Schwab's Gordon. The White House argues the economic damage will be minimal. Many economists expect a burst of inflation and job loss, though the magnitude is very much up for debate. The rapid recovery has spurred other investor concerns, and some worry the stock market rally is overextended. 'The market has raced from oversold to overbought in record time,' Mark Hackett, chief market strategist at Nationwide, wrote in a note on Wednesday. 'That limits near-term upside unless we see a clear reacceleration in growth.' Hackett said that without stronger growth and earnings, it will be difficult for US stocks to break out to new highs. UBS warned on Wednesday that economic data is 'poised to soften' in the coming months and that, in turn, US stocks could face a 'modest headwind.' The bank has downgraded its stance on US stocks from 'attractive' to 'neutral,' cautioning that much of the good news has already been priced in and challenging news is likely on the way. And a powerful rally does not guarantee the worst is over. CFRA's Stovall notes that in two-thirds of all bear markets since World War II, the S&P 500 ultimately made even lower lows after recovering from double-digit percentage declines. 'There is still an awful lot of uncertainty out there. We have to wait and see if this rally has legs,' Stovall said. The biggest X-factor is Trump himself and his evolving trade agenda. Markets remain one all-caps Truth Social post away from either a meltdown or a ferocious rally. 'This was a manufactured correction,' said Stovall, 'and it could be remanufactured if the president wants to change his mind about things.' Sign in to access your portfolio
CNN
15-05-2025
- Business
- CNN
Inside the historic $8 trillion market comeback
In early April, Wall Street threw a temper tantrum that would make a toddler proud. Fearing President Donald Trump's chaotic trade war would ignite a global recession, investors scrambled to dump US assets. The rare simultaneous selloff of both stocks and bonds reflected a serious loss of confidence in White House policy. Then Trump changed his tune. The president paused so-called 'reciprocal tariffs' for 90 days and later slashed tariffs on China, though many items still face higher tariffs than before the Trump administration. US stocks reversed course, too, setting off a historic rally on Wall Street in the past month. The S&P 500 has now fully erased the year's losses and gained nearly $8 trillion in market value since its April 8 lows. It's a remarkable comeback that underscores palpable relief among investors and easing recession fears since Trump's stunning reversal. 'The markets had a tantrum and stomped their collective feet and got what they wanted: Trump to back off,' Ed Yardeni, president of investment advisory Yardeni Research, told CNN in a phone interview. 'Trump realized he was toying around with liquid nitroglycerine and that it was time to back off.' The early 2025 selloff was breathtaking in its speed and intensity. It took just 22 days for the S&P 500 to close in correction territory, a 10% drop from its record highs in November — a fraction of the time it normally takes to get a correction, according to CFRA Research. The S&P 500 narrowly avoided plunging into a bear market. 'It was a free-fall moment,' said Kevin Gordon, senior investment strategist at Charles Schwab. 'Investor sentiment got to panic levels.' The recovery has been just as swift, the fastest since 1982. It took 25 trading days to go to positive territory from down 15% on the year, according to Bespoke Investment Group. In times of gloomy sentiment, investors might spark speedy rebounds when they finally see a situation change. 'Investors think the worst is likely over and that the reason for the panic has largely been undone,' said Sam Stovall, chief investment strategist at CFRA Research. The whipsaw action in markets underscores how hard it is for even the smartest minds on Wall Street to time markets. And why Nathan Rothschild famously said, 'The time to buy is when there's blood in the streets.' The CNN Fear & Greed Index of market sentiment signaled 'extreme fear' among investors in April, crashing to three on a scale of one to 100. The gauge has since completely rebounded and is now in 'greed' territory (and heading toward 'extreme greed'). The tech sector has largely led the rally after the Trump administration's decision to exclude smartphones and other electronics from country-specific tariffs. Apple (AAPL) and Amazon (AMZN) stocks have surged more than 20% apiece since the April 8 low. Nvidia (NVDA) has spiked more than 40%. But the upswing goes broader than tech. Consumer discretionary, industrials, communication services and financials have all rallied on Wall Street in the past month. Each time tariffs have been dialed back, forecasters have cut their odds of a recession. The chance of a US recession is now less than 50%, according to JPMorgan Chase economists' forecast, down from 60% in early April before Trump's 90-day pause on country-specific tariffs. Goldman Sachs now sees a 35% chance of a recession, down from 45% before the US-China breakthrough on trade. And recession chances on prediction platform Polymarket have plunged from 66% to 39%. 'There was a tremendous amount of anxiety about Trump's tariffs causing turmoil and uncertainty and increasing the likelihood of a recession, not just in the US but on a global basis,' Yardeni said, adding that 'Trump couldn't afford to let this issue fester.' And the odds of a recession don't have to be zero for investors to pile back into stocks. 'If zero is knowing nothing and 10 is knowing everything, Wall Street nibbles at 3 and does full-blown buying at 5,' said Stovall. Of course, the US economy is not out of danger. US tariffs have still skyrocketed, just not as high as a few weeks ago. The average effective tariff rate stands at 17.8%, the highest since 1934, according to The Budget Lab at Yale. US tariffs on China are no longer at 145%, but they're still elevated at 30%. That's low enough to unfreeze trade but high enough to still cause price increases. And no one knows exactly how those still-high tariffs will hit the US economy – not even the Federal Reserve. 'This is still relatively extreme trade policy,' said Schwab's Gordon. The White House argues the economic damage will be minimal. Many economists expect a burst of inflation and job loss, though the magnitude is very much up for debate. The rapid recovery has spurred other investor concerns, and some worry the stock market rally is overextended. 'The market has raced from oversold to overbought in record time,' Mark Hackett, chief market strategist at Nationwide, wrote in a note on Wednesday. 'That limits near-term upside unless we see a clear reacceleration in growth.' Hackett said that without stronger growth and earnings, it will be difficult for US stocks to break out to new highs. UBS warned on Wednesday that economic data is 'poised to soften' in the coming months and that, in turn, US stocks could face a 'modest headwind.' The bank has downgraded its stance on US stocks from 'attractive' to 'neutral,' cautioning that much of the good news has already been priced in and challenging news is likely on the way. And a powerful rally does not guarantee the worst is over. CFRA's Stovall notes that in two-thirds of all bear markets since World War II, the S&P 500 ultimately made even lower lows after recovering from double-digit percentage declines. 'There is still an awful lot of uncertainty out there. We have to wait and see if this rally has legs,' Stovall said. The biggest X-factor is Trump himself and his evolving trade agenda. Markets remain one all-caps Truth Social post away from either a meltdown or a ferocious rally. 'This was a manufactured correction,' said Stovall, 'and it could be remanufactured if the president wants to change his mind about things.'
CNN
15-05-2025
- Business
- CNN
Inside the historic $8 trillion market comeback
In early April, Wall Street threw a temper tantrum that would make a toddler proud. Fearing President Donald Trump's chaotic trade war would ignite a global recession, investors scrambled to dump US assets. The rare simultaneous selloff of both stocks and bonds reflected a serious loss of confidence in White House policy. Then Trump changed his tune. The president paused so-called 'reciprocal tariffs' for 90 days and later slashed tariffs on China, though many items still face higher tariffs than before the Trump administration. US stocks reversed course, too, setting off a historic rally on Wall Street in the past month. The S&P 500 has now fully erased the year's losses and gained nearly $8 trillion in market value since its April 8 lows. It's a remarkable comeback that underscores palpable relief among investors and easing recession fears since Trump's stunning reversal. 'The markets had a tantrum and stomped their collective feet and got what they wanted: Trump to back off,' Ed Yardeni, president of investment advisory Yardeni Research, told CNN in a phone interview. 'Trump realized he was toying around with liquid nitroglycerine and that it was time to back off.' The early 2025 selloff was breathtaking in its speed and intensity. It took just 22 days for the S&P 500 to close in correction territory, a 10% drop from its record highs in November — a fraction of the time it normally takes to get a correction, according to CFRA Research. The S&P 500 narrowly avoided plunging into a bear market. 'It was a free-fall moment,' said Kevin Gordon, senior investment strategist at Charles Schwab. 'Investor sentiment got to panic levels.' The recovery has been just as swift, the fastest since 1982. It took 25 trading days to go to positive territory from down 15% on the year, according to Bespoke Investment Group. In times of gloomy sentiment, investors might spark speedy rebounds when they finally see a situation change. 'Investors think the worst is likely over and that the reason for the panic has largely been undone,' said Sam Stovall, chief investment strategist at CFRA Research. The whipsaw action in markets underscores how hard it is for even the smartest minds on Wall Street to time markets. And why Nathan Rothschild famously said, 'The time to buy is when there's blood in the streets.' The CNN Fear & Greed Index of market sentiment signaled 'extreme fear' among investors in April, crashing to three on a scale of one to 100. The gauge has since completely rebounded and is now in 'greed' territory (and heading toward 'extreme greed'). The tech sector has largely led the rally after the Trump administration's decision to exclude smartphones and other electronics from country-specific tariffs. Apple (AAPL) and Amazon (AMZN) stocks have surged more than 20% apiece since the April 8 low. Nvidia (NVDA) has spiked more than 40%. But the upswing goes broader than tech. Consumer discretionary, industrials, communication services and financials have all rallied on Wall Street in the past month. Each time tariffs have been dialed back, forecasters have cut their odds of a recession. The chance of a US recession is now less than 50%, according to JPMorgan Chase economists' forecast, down from 60% in early April before Trump's 90-day pause on country-specific tariffs. Goldman Sachs now sees a 35% chance of a recession, down from 45% before the US-China breakthrough on trade. And recession chances on prediction platform Polymarket have plunged from 66% to 39%. 'There was a tremendous amount of anxiety about Trump's tariffs causing turmoil and uncertainty and increasing the likelihood of a recession, not just in the US but on a global basis,' Yardeni said, adding that 'Trump couldn't afford to let this issue fester.' And the odds of a recession don't have to be zero for investors to pile back into stocks. 'If zero is knowing nothing and 10 is knowing everything, Wall Street nibbles at 3 and does full-blown buying at 5,' said Stovall. Of course, the US economy is not out of danger. US tariffs have still skyrocketed, just not as high as a few weeks ago. The average effective tariff rate stands at 17.8%, the highest since 1934, according to The Budget Lab at Yale. US tariffs on China are no longer at 145%, but they're still elevated at 30%. That's low enough to unfreeze trade but high enough to still cause price increases. And no one knows exactly how those still-high tariffs will hit the US economy – not even the Federal Reserve. 'This is still relatively extreme trade policy,' said Schwab's Gordon. The White House argues the economic damage will be minimal. Many economists expect a burst of inflation and job loss, though the magnitude is very much up for debate. The rapid recovery has spurred other investor concerns, and some worry the stock market rally is overextended. 'The market has raced from oversold to overbought in record time,' Mark Hackett, chief market strategist at Nationwide, wrote in a note on Wednesday. 'That limits near-term upside unless we see a clear reacceleration in growth.' Hackett said that without stronger growth and earnings, it will be difficult for US stocks to break out to new highs. UBS warned on Wednesday that economic data is 'poised to soften' in the coming months and that, in turn, US stocks could face a 'modest headwind.' The bank has downgraded its stance on US stocks from 'attractive' to 'neutral,' cautioning that much of the good news has already been priced in and challenging news is likely on the way. And a powerful rally does not guarantee the worst is over. CFRA's Stovall notes that in two-thirds of all bear markets since World War II, the S&P 500 ultimately made even lower lows after recovering from double-digit percentage declines. 'There is still an awful lot of uncertainty out there. We have to wait and see if this rally has legs,' Stovall said. The biggest X-factor is Trump himself and his evolving trade agenda. Markets remain one all-caps Truth Social post away from either a meltdown or a ferocious rally. 'This was a manufactured correction,' said Stovall, 'and it could be remanufactured if the president wants to change his mind about things.'
Yahoo
08-05-2025
- Business
- Yahoo
Bitcoin approaches $100K mark: Chart of the Day
Bitcoin (BTC-USD) is once again approaching the $100,000 mark. Morning Brief host Brad Smith takes a look at the crypto coin's movements on today's Chart of the Day, breaking down how a Fear & Greed Index reading contrasts with the recent rally and what it signals for crypto markets ahead. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. It's time now for Chart of the Day. Let's send it over to Brad Smith for a look at Bitcoin nearing the $100,000 mark, hey Brad? Yeah, long time viewer of Chart of the Day, first time charter here. So, let's take a look first at that key level, which is 100,000. And yeah, we we're able to break through that earlier on in the year. A lot of the fervor coming off of the election, and then, as you heard some of the announcements from the incoming administration, and then, uh once President Trump was inaugurated and took office, retook office, it was about, okay, will these things be followed through on? What will this Bitcoin strategic reserve look like? What is it in activity? Are they purchasers of Bitcoin? And how does that add to the balance sheet as well? All of these things considered, we've been waiting for more clarity on some of those at the same time that we've been seeing this derisking of assets that's taken place both in equity markets and in the crypto landscape as well. And so, one of the things that I was tracking here was specifically, while we're trying to get back to that 100,000 mark, is this fear and greed index. And this comes from CoinMarketCap, and it essentially kind of looks at the price momentum, volatility, derivatives market, and market composition, and assesses all of this data to really get a sense of where we are in this fear and greed mindset here, and how that is actually correlating with where the price is. And what's interesting is we typically, when we're looking at a greed or fear level and reading right now as we are in this kind of mid 50s, mid to high 50s level, you don't typically see the price of Bitcoin up near $100,000 or in an uptrend. And so this is one of the first times that we've actually been or, excuse me, this is one of the first times that we've actually been in this downtrend and then ultimately trying to break out of that downtrend, and seeing fear and greed still sitting within what would normally be a healthy level for that fear and greed index. Because if you're taking a look at this multicolored line, yeah, we've seen that actually peak above 80, at some points get into the 90s when we were still in this range of 60 to 80k. And so all this considered, this is perhaps one of the first times that we'll see Bitcoin top or get to 100,000 without needing to be at an excessive fear or greed index level. And that is something that I think that's worth watching going forward from here. And whether or not the other altcoins see any type, any type of flows into that space as well here, Maddie. P Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
