Unless there’s an unforeseen upset post-Thanksgiving, it appears the U.S. stock market is gearing up for a strong November rally, with historical patterns suggesting this momentum will likely extend into the year’s end. Driving factors include a expanding economy, improved earnings, a resilient consumer base, easing inflation, and the belief...
The S&P 500 Index has convincingly broken through the 4400 mark and is maintaining its upward momentum. Despite some signs of an overbought market, there haven’t been any confirmed sell signals yet. Having overcome two minor resistance levels, the next target is the 2023 highs around 4610, and the possibility...
Traders who are actively engaged in the market might have to postpone their Black Friday shopping plans until after the markets close. While employees in many non-retail sectors enjoy a four-day weekend by taking off on Black Friday, financial markets will be open for a shortened trading day following Thanksgiving....
Global stock markets experienced a positive trend on Thursday, fueled by investor confidence in the belief that the Federal Reserve has completed its series of interest rate hikes to counter inflation. This sentiment, supportive of equities, prevailed as U.S. markets remained closed for the Thanksgiving holiday, slated to resume on...
Analysts, such as Savita Subramanian from Bank of America, are working hard on their forecasts just like Santa’s helpers. Subramanian, an expert in equities and quantitative strategy, predicts that the S&P 500 will reach a record-breaking level of 5,000 by the year 2024. This prediction sets the stage for favorable...
In the near future, we can expect to witness how Nvidia’s financial performance affects the market, as historical evidence suggests that these numbers have influenced bond yields and the S&P 500. Many investors and even Wall Street strategists may have inaccurately anticipated an economic decline this year, only to be...
