Wells Fargo’s market report states that, according to its own dynamics, the bear market is over.
Wells Fargo’s market research report states that the bear market is over. The report adds that the bear market is over, but there is no sign of a bull market yet.
The Bear Market Has Ended But No Sign Of The Bulls!
The conclusion that the bear market is over comes from a research note led by Wells Fargo stock analyst Christopher Harvey. Then Harvey says, “We see neither a bull nor a bear market, we only see a market”.
A research note by Wells Fargo stated that the bear market is over as a different animal, in their own terms, appears. Commenting on current market trends, the research report revealed that the market is not feeling bullish, but according to its own assessments, the bear market is indeed over.
Harvey used the following statements about the published research note:
“The bear market is over, but it’s not a major correction. We see neither a bull nor a bear market, we can only speak of a market presence.”
When the general market evaluation of Wells Fargo is evaluated in terms of crypto, of course, the end of the bear market globally is a positive situation. Considering that the crypto money market has been moving a little closer to the movements of the S&P 500 recently, this may herald a rise in the coming period.
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