FOMC Jan statement was a reality call to the market that it shouldn’t be too enthusiastic about an early rate cut (the market is pricing now a 65% probability that US target rate will not have a rate cut in March). This is an approximately increase of 15% from a day before Jan’s 2024 FOMC meeting. The stock indexes were ramping full force ahead expecting a rate cut as soon as March 2024. The current disappointment can be seen from the shar...
Hello, good day traders! 👋🤙 I'm looking for a potential sell 📉 setup for$S&P 500 Index(.SPX.US)$, with both fundamental and technical indicators to back it up. 📰Fundamentally, Wall Street was mostly lower at the start of a holiday-shortened week, as investors weighed the prospect of prolonged restrictive Fed policy against China's relaxation of strict zero-COVID rules. Interest rate sensitive growth stocks weighed the most heavily, dragging down the tech...
Hello, good day traders! 👋🤙 I'm looking for a potential sell📉 setup for$S&P 500 Index(.SPX.US)$, with both fundamental and technical indicators to back it up. 📰Fundamentally, Stocks decline following strong economic data. Data indicate a robust labor market and quicker economic growth than previously believed. The last few weeks have seen choppy stock prices. The market has been affected by the Federal Reserve's announcement that it will keep rais...
Hello, good day traders! 👋🤙 I'm looking for a potential sell📉 setup for$S&P 500 Index(.SPX.US)$, with both fundamental and technical indicators to back it up. 📰Fundamentally, Stocks fell on Friday, adding to their year-end decline, as concerns about a potential recession rise as a result of the Federal Reserve's ongoing rate hikes. The indexes experienced losses for the second week in a row. The S&P 500 dropped 2.08% for the week, bringing its losses for December to...
Hello, good day traders! 👋 I'm looking for a potential buy📈 setup for$S&P 500 Index(.SPX.US)$, with both fundamental and technical indicators to back it up. 📰Fundamentally, The week ahead includes key market-moving events such as November Consumer Price Index (CPI) data on Tuesday morning and a Federal Open Market Committee (FOMC) decision on Wednesday afternoon, when the Fed is expected to raise the Fed funds rate by 50 basis points. Market participan...