May 31, 2016 2:11 PM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Credit Suisse has released the following six factors that threaten stocks:(1) "Both our fair value models are close to fair value (US ERP is 5.7% against a warranted of 5.6%)."(2)" We have never seen so much disruption to business models from new technology, regulation, and China in an environment where governments are helping labor relative to capital (via taxation and minimum-wage legislation)."(3) "We marginally raise our 2016 US EPS growth forecast to 1% from zero. The problems for corporates are: i) labor is getting pricing power, ii) operating earnings appear abnormally overstated compared to reported, and iii) one-off factors, which accounted for c.60% of margin improvement, are diminished."(4) "Buybacks as a style is underperforming."(5) "Seasonals are unsupportive: since 1988, May to September has seen flat markets."(6) "A fall in the 50-week MA below the 100-week MA sees down markets 56% of the time over the next six months."Credit Suisse has maintained its Neutral stance on equities and reaffirmed its year-end targets of 2,150 for the S&P 500 and 3,350 for the Euro Stoxx 50.At the time of writing, S&P 500 index is down 0.21 percent to 2,094.63 and Euro Stoxx 50 is also down 0.86 percent to 3,063.48.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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