Market Analysis: The buy-on-dip sentiment dominating most global regions has been infused with panic
According to foreign media analysis reports, the recent sell-off led by tech stocks has injected panic into the buy-on-dips sentiment that has dominated most regions globally since the pandemic's low point. This indicates that stock market return expectations will be significantly adjusted before year-end. Multiple market indicators are nearing bearish milestones as concerns grow about a potential U.S recession, tightening policies from Japan's central bank leading to unwinding of yen carry trades, and escalating tensions in the Middle East - all signs pointing towards a major reset in global economy.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The hardcore bearish whale's 20x leveraged BTC short position is now floating a profit of over $18 million.
Machi reduces 25x ETH long position, current liquidation price is $3,042.74
A smart money investor switched from long to short and opened a 3x leveraged short position of 1,000 BTC.