The market is at a crossroads with surging coronavirus cases and the election looming, Ally Invest strategist says

The market is at a crossroads with surging coronavirus cases and the election looming, Ally Invest strategist says

Ally Invest’s Lindsey Bell sees growing risks in the market associated with the coronavirus and politics. Bitcoin failed to climb above $9,300 and extended its decline. BTC is currently showing bearish signs and it might struggle to stay above the $9,000 support. The “Global Sensors for the Internet of Things (IoT) Market Analysis & Trends – Industry Forecast to 2028” report has been added to ResearchAndMarkets.com’s offering. Due to the ongoing correlation between BTC and stocks, a crashing global stock market could drag down crypto with it once again. Jul 16, 2020 (AmericaNewsHour) —
Structured collaboration software connects team members for groupthink tasks, such as brainstorming, project planning and…

One of Wall Street’s top strategists is reining in her summer rally forecast.

Ally Invest’s Lindsey Bell cites the spike in coronavirus cases across the country as the main catalyst behind her decision.

“In the last couple of weeks, especially the last seven days, you’ve see a significant jump in virus cases,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Thursday. “You’re also starting to hear about a slowing and a reversal of reopening plans we didn’t have before Monday.”

Besides places such as California shuttering its gyms, salons and restaurants again due to the virus spike, Bell is concerned about underlying market signals. She lists the 10-year Treasury Note yield’s trouble getting above 1%, gold recently trading above $1,800 an ounce and elevated volatility levels as troublesome factors.

“Those are things that are making me become more vigilant,” she said.

Bell, a CNBC contributor, believes the setback could upset the economic rebound and create a sideways market embedded by headline-driven volatility. 

“June economic data has improved,” she said. “The question though is where does that economic data go from here? Are we plateauing or could we potentially see a slowdown and not grow?”

She suggests the market is at a critical crossroad — particularly as the presidential election begins to dominate the headlines. 

“There’s speculation that it could be a complete Democratic sweep, and obviously that is going to have implications on the marketplace,” said Bell. “Our political team here at Ally, they always remind me while November seems close, it’s far enough away to think about how quickly the coronavirus pandemic happened. Anything could happen between now and then.”

In the meantime, Bell acknowledges there are some positives in the market including the Federal Reserve’s unrelenting policy support for stocks and a high probability the government will pass a new stimulus package to help struggling Americans.

She’s telling long-term investors to have a barbell approach as a hedge.

“It’s best to be prepared for any situation that could occur in November, and I think that level of uncertainty is going to continue to feed the volatility,” Bell said. “Our expectation is it’s possible that volatility could remain elevated over the next month to a couple of months as hopes for clarity fade.”

Disclaimer

Source: www.cnbc.com

Author: Stephanie Landsman


Bitcoin Trading Near Last Line of Defense: Can Bulls Save the Day?

Bitcoin Trading Near Last Line of Defense: Can Bulls Save the Day?

Bitcoin failed to climb above the $9,300 resistance and extended its decline against the US Dollar. BTC is currently showing bearish signs and it might struggle to stay above the $9,000 support.

  • Bitcoin declined below the $9,120 support and traded close to the $9,000 support.
  • The price is currently recovering, but it is facing a lot of hurdles near $9,150.
  • There is a crucial bearish trend line forming with resistance near $9,150 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair must clear the $9,150 and $9,200 resistance levels to start a decent upward move.
  • In the past few sessions, bitcoin followed a bearish path below the $9,300 resistance against the US Dollar. BTC traded below the $9,200 support level and the 100 hourly simple moving average.

    It even broke the $9,120 support level and traded towards the $9,000 level. A low is formed near the $9,022 level and the price is currently correcting higher. There was a break above the $9,100 level. The bulls pushed the price above the 23.6% Fib retracement level of the recent decline from the $9,275 high to $9,022 low.

    On the upside, the $9,150 level seems to be acting as a strong resistance. There is also a crucial bearish trend line forming with resistance near $9,150 on the hourly chart of the BTC/USD pair.

    Bitcoin

    Bitcoin price below $9,200: Source: TradingView.com

    The trend line coincides with the 50% Fib retracement level of the recent decline from the $9,275 high to $9,022 low. Therefore, the price must clear the trend line resistance to recover towards the $9,200 resistance or the 100 hourly simple moving average.

    The main resistance on the upside is still near the $9,300 level, above which the bulls are likely to aim a strong rally in the coming sessions.

    If bitcoin price fails to recover above the $9,150 and $9,200 resistance levels, it could resume its decline. The first support on the downside is near the $9,000 level.

    The main uptrend support is near the $8,800 level and the 100-day SMA (as discussed yesterday). A successful break below the $8,800 support may perhaps start a sustained downward move.

    Technical indicators:

    Hourly MACD – The MACD is likely to move back into the bearish zone.

    Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is struggling to move above the 50 level.

    Major Support Levels – $9,020, followed by $9,000.

    Major Resistance Levels – $9,150, $9,200 and $9,300.

    Source: www.newsbtc.com

    Author: Aayush Jindal


    Global Sensors for the Internet of Things (IoT) Market, 2020-2028 - ResearchAndMarkets.com

    Global Sensors for the Internet of Things (IoT) Market, 2020-2028 – ResearchAndMarkets.com

    The “Global Sensors for the Internet of Things (IoT) Market Analysis & Trends – Industry Forecast to 2028” report has been added to ResearchAndMarkets.com’s offering.

    The Global Sensors for the Internet of Things (IoT) Market is poised to grow at a CAGR of around 34.8% by 2028.

    Some of the prominent trends that the market is witnessing include long battery life and low power consumption and improvements in new sensor technologies.

    This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2017, 2018 revenue estimations are presented for 2019 and forecasts till 2028. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies.

    With comprehensive market assessment across the major geographies such as North America, Europe, Asia-Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.

    The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc.

    Report Highlights

    • The report provides a detailed analysis on current and future market trends to identify the investment opportunities
    • Market forecasts till 2028, using estimated market values as the base numbers
    • Key market trends across the business segments, Regions and Countries
    • Key developments and strategies observed in the market
    • Market Dynamics such as Drivers, Restraints, Opportunities and other trends
    • In-depth company profiles of key players and upcoming prominent players
    • Growth prospects among the emerging nations through 2028
    • Market opportunities and recommendations for new investments

    Key Topics Covered

    1 Market Outline

    1.1 Research Methodology

    1.2 Market Trends

    1.3 Regulatory Factors

    1.4 Application Analysis

    1.5 Strategic Benchmarking

    1.6 Opportunity Analysis

    2 Executive Summary

    3 Market Overview

    3.1 Current Trends

    3.1.1 Long Battery Life and Low Power Consumption

    3.1.2 Improvement in New Sensor Technologies

    3.1.3 Recent Technological Developments in Sensors for the Internet of Things (IoT)

    3.1.4 Growth Opportunities/Investment Opportunities

    3.2 Drivers

    3.3 Constraints

    3.4 Industry Attractiveness

    4 Sensors for the Internet of Things (IoT) Market, By Sensors Type

    4.1 Temperature Sensors

    4.2 Proximity Sensors

    4.3 Light Sensors

    4.4 Accelerometers Sensors

    4.5 Pressure Sensors

    4.6 Motion Sensors

    4.7 Chemical Sensors

    4.8 Networking IoT Sensors

    4.9 Other Sensor Types

    5 Sensors for the Internet of Things (IoT) Market, By Computer Network Types

    5.1 Wireless Mesh Networks

    5.2 Cellular Networks

    5.3 Wireless Pans

    5.4 Wireless Wans

    5.5 Wireless Pans

    5.6 Wireless Mans

    6 Sensors for the Internet of Things (IoT) Market, By Wireless Protocols Standards

    6.1 Wi-Fi

    6.2 ZigBee

    6.3 Cellular Networks

    6.4 Z-Wave

    6.5 Bluetooth

    6.6 Bluetooth Smart

    7 Sensors for the Internet of Things (IoT) Market, By Application

    7.1 Healthcare

    7.2 Transport

    7.3 Business/Manufacturing

    7.4 Retail

    7.5 Other Applications

    8 Sensors for the Internet of Things (IoT) Market, By Geography

    8.1 North America

    8.2 Europe

    8.3 Asia-Pacific

    8.4 Middle East

    8.5 Latin America

    8.6 Rest of the World (RoW)

    9 Key Player Activities

    9.1 Mergers & Acquisitions

    9.2 Partnerships, Joint Ventures, Collaborations and Agreements

    9.3 Product Launch & Expansions

    9.4 Other Activities

    10 Leading Companies

    10.1 Allegro MicroSystems Inc.

    10.2 American Sensor Technologies

    10.3 Analog Devices Inc.

    10.4 Aptina Imaging Corp.

    10.5 Borgwarner Beru Systems GmbH

    10.6 Casco Products Inc.

    10.7 Cognex Corp.

    10.8 Continental AG

    10.9 CTS Corp.

    10.10 Denso Corp.

    10.11 Electro-Sensors Inc.

    10.12 Epcos AG

    10.13 Flir Systems Inc.

    10.14 Flow Technology Inc.

    10.15 Hamlin Electronics Inc.

    For more information about this report visit https://www.researchandmarkets.com/r/7oihhp

    View source version on businesswire.com: https://www.businesswire.com/news/home/20200716005438/en/

    Contacts

    Is The Greater Global Stock Market Once Again Dragging Down Crypto?

    Bitcoin has been consolidating below resistance for months now, waiting for a spark to ignite an explosion in either direction. Due to the ongoing correlation between BTC and stocks, a crashing global stock market could drag down crypto with it once again.

    Since the start of 2020, Bitcoin and the stock market have had an uncanny and unusual correlation. This initially crushed crypto when the stock market collapsed in a panic-induced selloff in mid-March.

    That day is now referred to Black Thursday due to just how chaotic and devastating it was. Bitcoin price plummeted over 50% in 48 hours from above $8,000 to under $4,000.

    The stock market that previously set all-time highs just days prior, fell so low it set the worst quarterly close on record at the end of the carnage-filled month.

    The pandemic proved to be too much for markets to withstand. But after the sharp selloff, the same markets have since made a V-shaped recovery that has yet to complete.

    Before Bitcoin and the S&P 500 reclaim highs set in early 2020, another drop could happen as cases of the virus once again spiral out of control.

    Between the pandemic round two incoming, and the continued strain on the economy, global stock indices have finally started to fall again.

    Starting today, so did Bitcoin – is the greater global stock market dragging down the crypto market once again?

     bitcoin crypto stock market sp 500 spx comparison correlation btcusd

    Bitcoin BTCUSD Correlation With S&P 500 Stock Index | Source: TradingView

    An early July pump out of the Independence Day holiday, stemming from bullish Chinese stock advances and a soaring yuan, also pushed BTCUSD and the rest of crypto higher.

    The return to risk appetite caused altcoins to begin popping off left and right, as Bitcoin traded mostly sideways, despite a meager advance.

    Major stock indices spiked globally, and due to the correlation between the crypto asset and the S&P 500, BTC was expected to follow.

    But even with positive news that a vaccine is potentially near, the global stock market is finally feeling the crunch of cases resurging.

    The Dow Jones Industrial Average, S&P 500, the Shanghai SE Composite Index, and the Hang Seng stock indices all plummeted over the last 24 hours.

    At the same time, a Twitter scam involving Bitcoin has also prompted the crypto asset to start falling from its consolidation range.

    Combined with the bearish sell pressure from stocks, it could take the crypto market back down to retest former lows, or perhaps set a new lower low.

    Source: www.newsbtc.com

    Author: Tony Spilotro


    Structured Collaboration Software Market Growth Analysis By Size, Share, News, Demand, Opportunity During 2020-2026

    Structured Collaboration Software Market Growth Analysis By Size, Share, News, Demand, Opportunity During 2020-2026

    Request To Download Sample of This Strategic Report:  https://www.kennethresearch.com/sample-request-10085853

    The regional analysis of Global Structured Collaboration Software Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the fastest growing region across the world in terms of market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to be the dominating region over the forecast period 2019-2026.

    The leading market players mainly include-
    Front, Workfront, Kintone, Jell, Stride, Nextinit

    The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

    The detailed segments and sub-segment of the market are explained below: 

    By Type:

    Web Based
    Cloud Based

    By Application:
    Large Enterprises
    SMEs

    By Regions:
    North America
    U.S.
    Canada

    Europe
    UK
    Germany

    Asia Pacific
    China
    India
    Japan
    Latin America
    Brazil
    Mexico
    Rest of the World

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    About Kenneth Research

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    The post Structured Collaboration Software Market Growth Analysis By Size, Share, News, Demand, Opportunity During 2020-2026 appeared first on America News Hour.

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    Source: www.marketwatch.com


    The market is at a crossroads with surging coronavirus cases and the election looming, Ally Invest strategist says


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