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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Looking at history, the hope of the S&P 500 index fully recovering its losses this year is slim.
On April 10, Jin10 reported that even after the U.S. stock market soared and rebounded on Wednesday, historically, the likelihood of the S&P 500 index recording a rise by the end of this year remains very low. Data compiled by Ryan Detrick, an analyst at Carson Group LLC, shows that the S&P 500 has fallen 15% or more at any time during the year a total of 16 times (similar to the situation before last night's rebound), and only 3 of those times recovered and turned positive by the end of the 12-month cycle. These instances occurred in 2020, 2009, and 1982, when the Federal Reserve took action to support the economy. However, with the White House's trade policy potentially reigniting inflation, the Federal Reserve has not sent any signals of intervention to save the market. Detrick stated, 'This year is different from the significant rebounds in the stock market in the past three years, as the Federal Reserve may not step in this time because they are still very concerned about inflation.' 'This puts them in a bind right now.'