Equities fell on Monday as investors lost confidence in a June Fed rate cut due to upbeat manufacturing data. Notably, most sectors in the S&P 500 closed the day lower, except energy. This sector gained with oil as the demand outlook improved after upbeat manufacturing data from the US and China. US rate-cut bets (Source: Read More…
Equities fell on Monday, pausing last week’s rally as investors assessed Fed remarks. The US stock market closed the previous week with gains after the Fed meeting where Powell maintained his dovish stance. Despite the recent hot inflation figures, Powell maintained his outlook for three rate cuts in 2024. However, economic data continues to beat Read More…
Equities closed Monday in the green after a rally in mega-cap stocks like Alphabet and Tesla. However, there was caution as investors looked forward to the FOMC policy meeting, which will affect rate cut expectations. The rally in mega-cap stocks came due to several factors. However, the main one was AI optimism. Notably, Nvidia soared Read More…
Weekly Chart Analysis:ES is trading above its weekly pivot point, with immediate support at 4492.00 USD. The RSI is in the overbought territory, showing strong bullish momentum. The next resistance levels are R1 at 5169.50 USD and R2 at 5519.00 USD. Daily Chart Analysis:A potential bearish divergence is creating some worry for bulls as the Read More…
Equities ended slightly lower on Monday ahead of US inflation data that might shape the outlook for Fed rate cuts. Investors were cautious, avoiding big positions as they awaited the US CPI report. Additionally, they took profits after Friday’s job report, which revealed weakness in the US labor market. The US will release the Consumer Read More…
In an impressive display of bullish momentum, the S&P 500 E-mini Futures have charted a path toward new heights. As we analyze the current trend, it’s clear that the bulls have taken the reins, with the recent close above the critical support level of $4244.75 signaling confidence in the US economy. The key takeaway from Read More…
