Dow Futures, Bitcoin Teeter as Markets Wait for FOMC Bounce

Neither Dow futures nor the bitcoin price showed much conviction ahead of Wednesday’s US stock market open, as Wall Street pined for a dovish FOMC statement on interest rates and crypto traders waited for BTC to make its next major push. Dow Futures Hover Near Tuesday Close As of 9:05 am ET, Dow Jones Industrial Average futures had lost 14 points or 0.05 percent, implying a loss of 25.38 points at the open. S&P 500 and Nasdaq futures also slipped into the red, dropping 0.04 percent and 0.02 percent, respectively. Futures tracking all three indices had traded higher earlier in

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TD Ameritrade Says US Stock Market Stability is Luring Investors, But Here’s Why the Dow Might Not Bounce Back

Throughout the past two weeks, analysts have generally attributed the recovery of Dow Jones to technical factors, expressing skepticism toward the sustainability of the U.S. stock market rally. This week, Shawn Cruz, a trader strategy manager at $ 30 billion brokerage giant TD Ameritrade, said that the sentiment in the U.S. stock market has improved, especially among fundamental-based investors. “ giving the more fundamental-based investors faith coming back into the market, which is then driving what technical traders are seeing on their screen,” Cruz said, speaking to The Wall Street Journal. Can the Dow Jones Rally? Since

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Dow Jones Rally Just a ‘Dead Cat Bounce,’ US Stock Market Could Crash 30%: David Tice

The recent Dow Jones rally is a “dead cat bounce” because the stock market is going to tank and a recession will eventually cast a dark shadow over the US economy. That’s the bleak prediction of investment perma-bear David Tice, who previously managed the aptly-named Prudent Bear Fund. A dead cat bounce is a brief recovery from an extended bear market that’s followed by a prolonged downturn. Basically, that’s where Tice thinks the US stock market is right now. ‘We Are Now in a Bear Market’ Looking ahead, Tice claims a 10 to 30 percent market plunge looms on the horizon,

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