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Bear Market Over? Charts on Bitcoin and ASX 200 Suggest Otherwise

From coindesk.com

Some financial publications around the world are touting the "shortest bear run in history" for U.S. equities, as if the dark days of the Coronavirus sell-off are behind us. Markets in the U.S. are beginning to show signs of life thanks to the U.S. Federal Reserve's $2 trillion stimulus package. The Dow Jones Industrial Average is up 23 percent and the S&P500 index has gained around 20 percent from their respective March 23 bottoms. Yet a conclusion to the wide-reaching COVID-19 pandemic is far from over. Australia's equity benchmark ASX 200 index is off by 31 percent and Japan's Nikkei 225 has lost 21 percent from ... (full story)

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  • Category: Fundamental Analysis