Citi: The market is not most concerned about the election, and US stocks are likely to hit new highs

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Cointime2024/11/05 04:44

By:Cointime

Citigroup analysts believe that elections often have a significant impact on market trends before voting, but traders seem to be more focused on other things this year. Analysts point out that several market indicators that typically flash before the US election are noticeably calm this year, suggesting that concerns about the election's impact on the market may be less than in previous years. They believe that traders are focused on the US economy and earnings season, not the election.

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.

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- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

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Bitget-RWA•2025/09/12 06:14