'Black Monday' Fears Spreading — Market Analysts Push Back
Social media is buzzing with 'Black Monday' calls for equity markets, but analysts like Kobeissi Letter argue historical patterns instead point to S&P 500 reaching 8,000.
What we know
The 'Black Monday' narrative is gaining traction online, with an account on X mounting a high-engagement counter (485 RTs), arguing that widespread panic-calling of a crash has historically preceded major rallies—and that S&P 8,000 is the more likely outcome. Another account on X in the markets news feed also RT'd reading material on the feared event. Meanwhile crypto on-chain conditions hit a 166-day low (Trench Index at 40), and BTC remains pinned between $80–81.5k support and $88–90k supply wall, reinforcing the broader risk-off tone.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.