CoinVoice has recently learned that QCP Capital released its latest market analysis report stating that the S&P 500 index rose 5.1% this quarter, achieving its best year-to-date performance since 1997.
We enter "Uptober" with strong global risk appetite, with China's CSI 300 up 9% today, a gain following the biggest property support policy in years. Goldman Sachs' prime brokerage unit shows that bets on tech stocks rising are currently three times higher than bets on them falling.
As the third quarter earnings season kicks off in mid-October, this wave of stock market-led gains may face a test as traders reassess current high valuations. We expect Bitcoin to benefit from a stock market correction as its characteristics as a risk asset are consistent with global monetary easing. [Original link]
