Analysis: S&P 500 May Replay 1987 Black Monday, Multiple Assets Showing Rare Selloff Synchronization Signal

BlockBeats News, June 7th - Analyst Rekt Fencer issued a market warning pointing out the current rare multi-asset simultaneous sell-off signal. Gold, silver, cryptocurrency, bonds, and oil are all synchronously falling, with the S&P 500 poised to be the next. The current vertical surge of the S&P 500 resembles the eve of Black Monday in 1987. The market is still in an extremely euphoric state, with a very high risk of historical replay. The potential path of the decline could be: 7250 → 6750 → 6250 → 5500, ushering in a significant retracement level. Even though Goldman Sachs has raised its S&P 500 target to 8000 points, the consensus of a bull market is precisely a risk signal.