As Gold and BTC Rise Key US Equities Index Now Down By Over 10% from July 31 Peak – Economics Bitcoin News
October 30, 2023
The key U.S. equities index the S&P 500 has now declined by just over 10% from its July 31 peak on fears that the U.S. economy is headed for a recession. One expert characterized the index’s drop as the first correction since the market bottomed in the fourth quarter of 2022. In contrast, the prices of safe haven assets like gold and bitcoin have been on the rise.
S&P 500 in Correction…