Why the S&P 500 is now overbought and looks ready to drop in the short term, according to this strategist
MARKETWATCH FRONT PAGE (http://www.marketwatch.com)
The S&P 500 eked out yet another record close on Wednesday, as the Federal Reserve reassured investors that it is in no rush to tighten fiscal policy -- and some of that momentum is set to continue into Thursday. But it may not last for long. See full story (http://www.marketwatch.com/story/why-the-s-p-500-is-now-overbought-and-looks-ready-to-drop-in-the-short-term-according-to-this-strategist-11617880511).
Why, to one strategist, bitcoin's worth $120,000
One strategist's argument is that bitcoin will rise as it becomes a bigger share of what he calls the $15 trillion anti-fiat market, which right now is dominated by gold. See full story (http://www.marketwatch.com/story/why-to-one-strategist-bitcoins-worth-120-000-11617877513).
Expect 'eye popping' sales numbers from consumer companies as calendar laps COVID closures
Investors should expect other "eye-popping" sales numbers from retailers in the coming weeks, amid a "weird" year in which the COVID-19 pandemic wreaked havoc on the retail and restaurant segments. See full story (http://www.marketwatch.com/story/expect-eye-popping-sales-numbers-from-some-consumer-companies-as-calendar-laps-covid-closures-11617804878).
The U.S. government, until Reagan, used to do big things. Biden thinks it still can
Channeling FDR, the president aims to help average Joes who have been left out of America's ascent. See full story (http://www.marketwatch.com/story/the-u-s-government-until-reagan-used-to-do-big-things-biden-thinks-it-still-can-11617812022).
Hours after CEO decried inequality, JPMorgan seeks to quash call for racial-equity audit
JPMorgan Chase & Co. Chief Executive Jamie Dimon addressed inequality, racism and corporate responsibility in his annual letter to shareholders Wednesday morning. See full story (http://www.marketwatch.com/story/hours-after-ceo-decried-inequality-jp-morgan-seeks-to-quash-call-for-racial-equity-audit-11617838297).
MARKETWATCH PERSONAL FINANCE (http://www.marketwatch.com/personal-finance/)
Set realistic expectations for what a professional can -- and cannot -- do. See full story (http://www.marketwatch.com/story/some-investors-expect-their-financial-adviser-to-beat-the-market-every-year-good-luck-with-that-11617846642).
-MarketWatch; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
April 08, 2021 09:00 ET (13:00 GMT)
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