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Bulls gain strength: Sensex reclaims 50,000, Nifty ends above 15,000

The Indian markets posted sharp gains for the second day on Tuesday, with the Sensex reclaiming the 50,000 mark and the Nifty topping 15,000 after more than two months. Automobile and banking stocks rallied amid optimism that the lethal second wave of Covid-19 has peaked.
The Sensex ended the session at 50,193 with a gain of 612 points, or 1.2 per cent. This is the first time since April 1 that the Sensex has closed above 50,000. The Nifty, on the other hand, closed at 15,108, gaining 185 points, or 1.2 per cent. The 50-stock index settled above 15,000 for the first time since March 12. In the past two trading sessions, the benchmark indices have soared 3 per cent. ....

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Peak Wall Street Optimism Is Now Behind Us: It's All Downhill From Here

by Tyler Durden
Tuesday, May 18, 2021 - 05:45 PM
While we previously shared our thoughts on the noise value of the latest BofA Fund Manager Survey, which again found that being long bitcoin is the most crowded trade on Wall Street, when in reality it is anything but, it s worth pointing out some of the signal in the survey conducted by BofA Chief Investment Strategist, Michael Hartnett, who writes that the May survey showed
investor sentiment was unambiguously bullish with a whopping 69% expecting “above-trend” growth and inflation, a record high. Needless to say, inflation is now
by and far the consensus trade. ....

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Redirecting to Bitcoin is a bubble, say 74% of investors - survey-

Redirecting to Bitcoin is a bubble, say 74% of investors - survey-
q8dailynews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from q8dailynews.com Daily Mail and Mail on Sunday newspapers.

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Bitcoin is a bubble, say 74% of investors - survey

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"As Boom As It Gets": Wall Street Has Forgotten All About Covid, Sees "Tantrum" As Biggest Risk

"As Boom As It Gets": Wall Street Has Forgotten All About Covid, Sees "Tantrum" As Biggest Risk
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

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