Will the S&P 500 continue to follow the analogy of 1995? In | CrypticNews Hub on Binance Square

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Will the S&P 500 continue to follow the analogy of 1995? In 1995, the Federal Reserve lowered interest rates, marking the last soft landing of the US economy.

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Santiment: Bitcoin fell to $59.4K, and Ethereum dropped to $3.1K. The crowd is showing signs of viewing this as a buying opportunity. Ideally, one should wait until their enthusiasm settles. The time to buy is when they are impatient and skeptical.

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Santiment: Fear is in the air, as traders discuss: Bittensor plummeted sharply after a security breach resulted in $8M worth of TAO being withdrawn from wallets. Bitcoin briefly dipped below $60K, causing traders to express concern and interest in "selling their bags" before it's too late. There should be a window for profit-taking while FUD is so high among the crowd.

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U.S. stocks mostly closed higher in a shortened Wednesday session after economic data boosted investor confidence that the Federal Reserve will begin a rate-cutting cycle this quarter. The S&P 500 rose 0.5% to a record close of 5,537, and the Nasdaq 100 gained 0.8% to a record close of 20,187, while the Dow fell by 40 points. The ISM PMI showed that services activity contracted the most in four years in June, sharply contrasting with growth expectations. Meanwhile, the ADP report indicated fewer private sector jobs were added, while continuing jobless claims rose to a two-year high. Tesla continued its surge, gaining over 24% since the beginning of the week amid improved deliveries. On the other hand, ADRs of Novo Nordisk and other biotech companies fell as the U.S. announced plans to lower prices for weight-loss drugs. Markets are now awaiting the FOMC minutes and political updates amid reports that President Biden may withdraw from the presidential race. Markets will be closed on July 4th.

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