Market Volatility

Goldman Warns S&P 500 Could Decline to 6300 if Growth Weakens

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Chart showing S&P 500 index level with downward arrow indicating potential decline to 6300 amid growth concerns

Goldman Sachs has cautioned that the S&P 500 could drop to around 6300 in a moderate growth shock scenario, driven by weakening economic momentum, higher oil prices from geopolitical tensions including the Iran conflict, and resulting compression in valuation multiples as investor sentiment deteriorates. Despite this downside risk, the firm maintains a constructive longer-term view … Read more

Bitcoin Plunges Below $70,000 as Treasury Secretary Bessent Rules Out Government Bailout for Crypto

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A downward-trending Bitcoin price chart overlayed on a U.S. Treasury building backdrop, symbolizing market decline after government statements.

“Bitcoin dropped sharply to under $70,000 per token, marking its lowest level in over a year, following statements from Treasury Secretary Scott Bessent emphasizing that the U.S. government lacks authority to direct banks or use taxpayer funds to support cryptocurrencies during market downturns. The decline reflects broader selling pressure across risk assets, with Bitcoin losing … Read more