The strategist emphasizes that whether the economy avoids recession holds greater importance than the number of rate cuts. Recent market fluctuations, characterized by sharp declines followed by rapid rebounds, prompt analysis into the underlying drivers of the ongoing bull market, which has propelled the S&P 500 and Dow industrials to...
Futures indicate the S&P 500 could hit another record high by Friday’s close, driven by the tech sector’s potential for a third straight day of gains and anticipation of fresh economic data. Here’s a snapshot of current stock-index futures: On Thursday, the S&P 500 surpassed its previous record close, reaching...
Wednesday witnessed a relaxation in the VIX, commonly referred to as the stock market’s ‘fear gauge,’ following its surge on Tuesday in response to higher-than-expected inflation figures. Despite this spike in volatility, U.S. stocks might maintain their upward momentum before the Federal Reserve’s anticipated initial interest rate cut, according to...
The stock market saw a sharp downturn just before Valentine’s Day, leading some to question if it was an overreaction. However, indications from stock futures suggest that bargain hunters are already on the lookout. Chris Weston, head of research at Pepperstone, explains that the market was caught off guard, lacking...
What hangs in the balance with the release of Tuesday’s CPI data? Many in the financial world are expecting a decrease in inflation, but if the numbers surpass expectations, it could dampen hopes for a rate cut in May, potentially affecting the S&P 500’s climb towards 5,000, warn some analysts....
Tom Lee from Fundstrat points out that the U.S. stock market has historically flourished during the Years of the Dragon, boasting an average gain of 12.7% since 1871. This historical trend indicates that the recent uptrend in the S&P 500, which has propelled it to the significant 5,000-point milestone, may...
