Mark Mobius Evaluated the Latest Situation in the Markets

Mark Mobius, Founder of Mobius Capital Partners, known as an “investment guru” in the international markets, said that investors' discouragement from the cryptocurrency market is a leading indicator for the S&P 500.

Mark Mobius, known as the "investment guru" in the international markets, evaluated the latest situation in the markets. Speaking to CNBC, Mobius Capital Partners Founder Mark Mobius stated that the downturn in the crypto money markets has caused many investors to lose hope against crypto assets, noting that this is a leading indicator for the S&P 500. Mobius said of the S&P 500 that it will "probably go even lower because it seems like a lot of people are starting to give up hope." This Could Be the Beginning of the Bottom Emphasizing once again that everyone must have lost hope in order to be at the bottom, Mobius said, “We are not at the bottom; But this could be the beginning of the bottom." Mobius, who stated that the technology shares that did not make any money were hit hard, said, “In the past few years, many companies that did not make money have been offered to the public. All they offered was the promise and hope that they would profit in the future.”