Futures S&P 500 slipped 0.08%, weighed by a dip in banking stocks following regulatory remarks. Still, broader index trend remains intact, with long-term moving averages signaling underlying strength. Moreover, if you want to embrace the "Bitcoin seasonality effect" as an important catalyst for future price appreciation, then you probably also need to accept the historical data surrounding the Bitcoin halving. After each halving event, Bitcoin typically goes on an epic rally for a period of 12 to 18 months, before ultimately crashing in value. Future Ruins, the hotly-anticipated Nov. 8 film-music festival from Nine Inch Nails’ Trent Reznor and Atticus Ross, has been canceled. Futures S&P 500 hovered around 5,128 early Tuesday after overnight gains in Asian equities. Fund managers are eyeing the 5,150 resistance level, viewing a breakout as a signal for renewed bullish momentum in the broader U.S. benchmark.
