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US stock futures rise as earnings optimism outweighs COVID concerns, while bitcoin climbs after Elon Musk's comments

1 month ago   |   By Business Insider

Investors have cheered US earnings.
Johannes Eisele/AFP via Getty Images
US stock futures rose on Thursday as investors cheered strong earnings from major companies.
Stocks fell on Monday on concerns about COVID cases, but have since rebounded.
Bitcoin rose again after Elon Musk and other influencers spoke favorably of the asset.
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US stock market futures rose on Thursday as company earnings season helped boost optimism, outweighing concerns about rising coronavirus cases across the world's major economies. Meanwhile...
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US stocks could tumble 15% in a rough fall - and the bitcoin bubble could deflate further this year, Guggenheim's Scott Minerd says

1 month ago   |   By Business Insider

Guggenheim Investments Global Chief Investment Officer Scott Minerd.
Milken Institute
US stock prices and bond yields could decline further this fall, Scott Minerd told Bloomberg.
Fears that the delta variant will cause the economy to weaken could see US stocks fall 15%, he said.
Minerd said "there's still more air to come out" of the bitcoin bubble.
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US equities could drop 15% by the end of October, driven lower by concern over the delta variant of COVID-19 and its impact on global growth, while cryptocurrencies...
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US stocks could tumble 15% in a rough fall - and the bitcoin bubble could deflate further this year, Guggenheim's Scott Minerd says

US stocks could tumble 15% in a rough fall - and the bitcoin bubble could deflate further this year, Guggenheim's Scott Minerd says

1 month ago   |   By Business Insider

Summary List Placement US equities could drop 15% by the end of October, driven lower by concern over the delta variant of COVID-19 and its impact on global growth, while cryptocurrencies could continue to face pressure, according to Guggenheim's Scott Minerd.
The chief investment officer told Bloomberg on Wednesday that September and October are likely to be "very rough" months for stocks.
"Maybe a pullback of 15% or slightly more," he said, adding that investors could get back into buying by the end of autumn.
Stock prices and bond yields recently fell sharply as growth fears sparked by...
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