Ryan Belanger, a strategist from Claro Advisors, has expressed concerns that the fourth quarter of 2023 might not live up to historical averages. He cites macroeconomic forces indicating a potential recession as the reason behind this apprehension. While the third quarter of 2023 adhered closely to stock-market seasonality patterns, with...
Following what appears to be the most challenging month for stocks this year, some investors are closely analyzing a chart that signals an impending showdown for the S&P 500 SPX. This chart was shared by a stock market commentator on X, known as Heisenberg, who goes by the handle @Mr_Derivatives:...
Many investors are eagerly seeking signs of the stock market downtrend nearing its end, despite the S&P 500 only witnessing a 5.5% decrease since reaching its highest point in late July. Considering this, Victor Cossel from Seaport Research Partners has presented a few technical charts that could offer some understanding...
Wall Street Witnesses Earnings Forecast Downturn as S&P 500 Declines by 4% in September As apprehension grows among stock market investors due to the surge in Treasury yields and its impact on equities, the downward revisions in S&P 500 earnings forecasts are further fueling concerns. Nicholas Colas, co-founder of DataTrek...
Monday morning witnessed a shift in U.S. stock futures‘ fortunes as they relinquished their early gains. Here’s a concise breakdown of the events: To recap Friday’s performance, the Dow Jones Industrial Average (DJIA) recorded a loss of 107 points, equating to a 0.31% decline, landing at 33,964. The S&P 500...
The U.S. Dollar Extends Its Winning Streak for the 10th Week in a Row, the Longest Since 2014 In a significant development, the U.S. dollar has achieved its first “golden cross” since July 2021, raising the possibility of further upward momentum and potential challenges for the stock market. As we...
