Bitcoin's peak price potentially signals a downward trend for the broader stock market, per Stifel strategist Barry Bannister.
Bitcoin's peak price may signal a downward trend for the broader stock market, according to Stifel equity strategist Barry Bannister. A recent surge in bitcoin coincides with the Federal Reserve's dovish pivot, but this linkage could mark the end of the current bull run. Bitcoin's peak would pressure big tech stocks and lower the S&P 500 in the next 6 months, Bannister warns.
April 04, 2024
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