Is S&P 500 gearing up for a big move up ?

Today’s Daily Byte

It was another day when the market inched up—not in a very big way, but still gradually recovering from the previous week’s losses. Today, we’ll discuss whether we have reached the market peak or if we are nearing it, based on a lot of promoter sales, venture capital sales, and new IPOs coming through the market. Please make sure to subscribe to the channel.

Now, where are the markets headed?

Reading Time : 4 Minutes

Is S&P 500 gearing up for a big move up ?

The S&P 500 has been on a remarkable run over the last few sessions. As of August 20, 2024, the index has seen nine consecutive days of gains. This kind of momentum, coming off a sharp bottom, is significant and could lead to a sustained rally, potentially pushing the S&P 500 to new all-time highs.

Such a strong upward movement is an encouraging sign for the global markets, as the S&P 500 often sets the tone for other indices around the world.. . . . .

Reading Time : 3 Minutes

The world under owns Gold today

Gold has always played a crucial role in global finance, but its importance has fluctuated over the years. If we look back 100 or even 200 years, the allocation of gold in global assets has changed dramatically. Particularly since 1971, when the gold standard was removed, many central banks around the world reduced their gold holdings.

This shift saw gold’s share of global assets drop from a significant 20% to 30% in the 1980s to a mere 1% today. However, the cycle appears to be reversing, as central banks are now looking to increase their gold reserves.. . . . .

Reading Time : 3 Minutes