Broad Risk-Off Sentiment Pressure
The overall market sentiment is negative, impacting both bitcoin and CleanSpark's stock prices.
Too little corroboration in the last 3 days to call a trend (4 articles). Watching for it to gain traction.
"Comments today from Cleveland Fed President Beth Hammack were hawkish and negative for stocks, as she said we're still persistently missing the inflation mandate and that her baseline is the Fed is on hold for a 'good while.'"
"Comments today from Cleveland Fed President Beth Hammack were hawkish and negative for stocks, as she said we're still persistently missing the inflation mandate and that her baseline is the Fed is on hold for a 'good while.'"
"Hawkish comments on Tuesday from Kansas City Fed President Jeff Schmid were negative for stocks, as he said he's 'more focused on the risks to inflation at this time' and that he's concerned inflation will get stuck closer to 3%."
"The S&P 500 dropped 1% after a report showed U.S. employers cut more jobs last month than they created and after oil prices spiked above $90 per barrel."
"Most sectors on the S&P 500 closed on a negative note, with information technology, communication services and health care stocks recording the biggest losses on Tuesday."
""James noted that investors have been fighting off 'negativity overhanging the market' due to concerns about the banking and commercial real estate sectors...""
"some dismal corporate forecasts for the fourth quarter have cast a doubt on whether there could be a year-end rally for stocks."
"Investor sentiment turned negative after data showed that China’s economy grew 6.3% in the second quarter, below expected expansion of 7.3%."
"Shares of two of the largest crypto-exposed publicly traded companies, Coinbase and MicroStrategy, each tanked 4% in early trading amid an otherwise strong morning for stocks."
""Indeed the aftershocks are still being felt every day in markets (good and bad). This has continued this week, with intraday volatility remaining high.""