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Market Analysis: The buy-on-dip sentiment dominating most global regions has been infused with panic

Market Analysis: The buy-on-dip sentiment dominating most global regions has been infused with panic

Bitget2024/08/05 03:19

According to foreign media analysis reports, the recent sell-off led by tech stocks has injected panic into the buy-on-dips sentiment that has dominated most regions globally since the pandemic's low point. This indicates that stock market return expectations will be significantly adjusted before year-end. Multiple market indicators are nearing bearish milestones as concerns grow about a potential U.S recession, tightening policies from Japan's central bank leading to unwinding of yen carry trades, and escalating tensions in the Middle East - all signs pointing towards a major reset in global economy.

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