Stock market shakeout works off extreme conditions while keeping longer-term uptrend intact

  • 📰 CNBC
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

New for subscribers: Stock market shakeout works off extreme conditions while keeping longer-term uptrend intact. Check out CNBCPro today.

Investors marched right up to the edge in the first months of 2021, got a good look at what lay beyond, and have taken a few steps back to think through the hazards.

Across several fronts in multiple asset classes, the markets have backed off from extremes in risk appetite and growth assumptions, with last week's stock-index shakeout and partial recovery revealing these adjustments vividly. Stocks came into April hot, running to a mid-month peak accompanied by stretched technical conditions and ebullient sentiment. The S&P 500 finished at 4185 on April 16, up nearly 8% in three weeks and 11% in six weeks. It sat more than 16% above its 200-day average, a heady overbought reading from which it had pulled back hard in September and late January.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Pro TikTok started to close the accounts of Palestinian news channels. Yesterday, the Zionist Israel administration had meetings with social media executives. Please HearGaza

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines