The U.S. and Asian markets have experienced a retreat after a period of optimism following the U.S. presidential election.
The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all saw declines, with Asian markets also mirroring these losses. This downturn may be due to profit-taking and a reassessment of economic fundamentals.
Oil prices are facing bearish predictions, with analysts warning of a potential drop to $30-$40 a barrel if OPEC+ decides to unwind output cuts. This could have significant implications for global markets.
Swiggy, a food delivery giant in India, had a successful IPO, raising $1.34 billion and reflecting strong investor confidence.
Bitcoin briefly touched $90,000 before retreating, but there is optimism that it could reach $100,000.
Market sentiment is shifting as investors anticipate upcoming economic data, particularly inflation readings. The recent postelection rally may have been driven by speculative trading, and fundamental economic concerns could lead to increased volatility.