Thursday saw the S&P 500 coming within 33 points of its 50-day moving average, marking its closest approach since November 13th. This suggests a crucial juncture for the stock market rally, with recent volatility bringing the index within reach of a significant technical milestone not seen in five months. A...
As markets reacted to a robust inflation report on Wednesday, the question arose: Will we truly witness the anticipated rate cuts in 2024? George Catrambone, head of fixed income for the Americas at DWS Group, voiced doubts during a phone interview. He expressed concern that the latest data might dissuade...
Analysts are cautioning that the recent rise in the Vix, along with heightened interest in bearish options, suggests potential weakness ahead for stocks. Following a tranquil period of five months, the stock market’s upward momentum encountered a disruption last week as the Vix, commonly referred to as the “fear gauge,”...
Wells Fargo has revised its forecast for the S&P 500 stock index, citing several factors bolstering positive sentiment in the market. They have increased their year-end target for the index to 5,535 points, up from 4,625, suggesting a potential additional gain of over 6% from current levels. Analysts at Wells...
Concerns over a potential retaliatory strike from Iran on Israel were a factor in the drop in stock prices for the week. Throughout most of the previous year, investors showed little to no concern about geopolitical risks. When we reached Thursday afternoon in New York, analysts at Bespoke Investment Group...
One trader suggests that runaway inflation isn’t looming, but instead, there’s a risk of asset prices spiraling out of control. With the latest strong official jobs report for March now available, traders are bracing for five more months of stagnant consumer-price index (CPI) reports, expected to hover between 3.2% and...
