All articles tagged with #market momentum
Switch 2 sales are slowing down after a strong launch, partly due to the continued popularity of the original Switch and a lack of major exclusive titles to drive holiday sales. Nintendo's upcoming software lineup for 2026 currently features sequels and re-releases, with potential for new system-selling exclusives to boost sales. The company may need a hit similar to Super Mario Odyssey to regain momentum.
Despite the U.S. government shutdown and political tensions in Washington, stock markets remain near record highs, supported by strong seasonality, positive earnings forecasts, and ongoing market momentum. Investors are primarily focused on the shutdown's impact on economic data flow and Federal Reserve policy, but many analysts believe the rally will continue in the short term, especially with the historically strong fourth quarter for the S&P 500.
Wall Street's bullish momentum continues into September despite minor dips, driven by expectations of Federal Reserve rate cuts, strong US consumer data, and ongoing AI enthusiasm, with broad risk appetite across markets remaining resilient amid some geopolitical and economic concerns.
Despite escalating Middle East tensions and geopolitical flashpoints, Wall Street showed resilience with only modest declines, driven by persistent market momentum and investor confidence, though caution remains amid ongoing conflicts and economic uncertainties.
Gemini, the crypto exchange founded by the Winklevoss twins, has confidentially filed for an IPO amid renewed market enthusiasm following successful listings like Circle's debut on the NYSE, signaling increased confidence and mainstream acceptance in the digital asset industry, despite ongoing regulatory challenges.
The tech-heavy S&P 500 has been down, with chip-making powerhouse Nvidia experiencing a 15% dip in share price over the past month. F/m Investments President Alex Morris suggests that the recent decline is a natural breather for momentum-driven tech stocks like Nvidia, emphasizing that geopolitical events are not the sole catalyst but provide an opportunity for investors to reevaluate their positions.
Despite recent record highs, signs indicate that the momentum driving technology stocks is fading, with unprofitable tech companies starting to decline, valuations looking stretched, and options traders showing signs of greed. While the sector remains in an uptrend, a modest pullback is expected, prompting investors to consider buying downside protection for their portfolios.
CNBC's Jim Cramer believes that despite concerns about market froth and individual signs of excess, a market-wide decline is not imminent. He attributes this to the sustained momentum and lack of significant selling pressure, with many investors still eager to get in. While acknowledging reasons for worry, such as the rally of companies like Arm and Airbnb, as well as Nvidia's high stock levels, Cramer suggests that the rally may continue due to the prevailing market sentiment.
Bitcoin surged above $47,000 for the first time since March 2022, with positive sentiment returning as outflows from the Grayscale Bitcoin ETF slowed and market momentum from the S&P 500 potentially spilled over to crypto. Ether also advanced to $2,482.81. The recent price appreciation is attributed to inflows into spot ETFs, optimism around the upcoming halving, and general market momentum. If bitcoin hits the key resistance level of $48,600, it could open the door to a new all-time high.
Natural gas markets continue to struggle around the $2 level, with little momentum due to disappointing winter demand and an abundance of supply. Traders are advised to be cautious and look for short-term trading opportunities, with $2 seen as a crucial support level. While a potential rally to $2.50 is possible, sustained momentum is lacking, and the focus is now shifting to spring, leading to a bleak outlook for the market.
Bitcoin stabilized around $41,000 as traders awaited the U.S. Federal Reserve's interest rate decision. Altcoins, including Polkadot, Cosmos, and Injective, experienced significant gains. Avalanche surpassed Dogecoin in market capitalization. Celestia TIA surged to a new all-time high as it became an option for blockchain builders. The Federal Reserve is expected to hold rates steady, with slowing inflation potentially signaling a bullish market for cryptocurrencies.
The stock market is holding up well, supported by FOMO and short squeezes, with big-cap strength in Oracle, Adobe, Salesforce, and Advanced Micro Devices. The market seems to have lost interest in the inflation issue and is not embracing the idea of a slowing economy. The biggest danger in this market right now is that the desire to buy may cause some mediocre entries. Two charts that are being watched are LianBio and Nano-X Imaging, but there isn't much to like on a technical basis right now.
Bitcoin and other cryptocurrencies have fallen back as the momentum behind a recent rally seems to fade and range-bound trading takes hold. Friday holds a key macroeconomic catalyst, and the reaction of cryptos should be closely watched. The price of Bitcoin has fallen 2% over the past 24 hours, slipping below and hovering around the key $28,000 level.