Bitcoin Dips Under $20K on Blunted Growth Sentiment as Spain Fuels Inflation Concerns
— Inflation, Sentiment, Fall, Decade high, Technical bear market –, Tuesday note, Technical, Equity prices, Dips, “ take time — 1 min read
In the U.S., the S&P 500 has fallen more than 20% from its December 2021 peak. Inflation hit a four-decade high in May. Wells Fargo said a fall in equity prices was likely to “take time to repair’s ‘recovery’ in a Tuesday note. In the United States, the market is in a ‘bear market’ as inflation hits a four decades-old high. The market is now in a technical bear market, according to Wells Fargo's analysts. The fall in equities prices is likely to take time to ‘repair’ to recover, Wells Fargo’ says. The market has been in a bear market for more than a decade. Source