Dennis DeBusschere, chief market strategist at 22V Research in New York, believes that the recent mini-crash has left markets needing “more consistent optimism” to regain momentum. He noted that although recent economic data has eased recession fears triggered by the last jobs report, it hasn’t been enough to spark a...
Strategist Warns of Fragile Market Ahead of Powell’s Jackson Hole Speech As Federal Reserve Chair Jerome Powell prepares for his highly anticipated speech at the Jackson Hole Economic Symposium on Friday, market watchers are expecting him to signal a potential rate cut in September. However, if Powell’s message deviates from...
Stocks Rally as Economic Data Eases Recession Fears The S&P 500 erased its August losses on Thursday, marking a sharp reversal after the index experienced its worst start to a month in eight years. By the close, the S&P 500 was up 0.4% for August, while the Nasdaq Composite was...
The S&P 500, Germany’s DAX, and Japan’s Nikkei 225 have all rebounded from their early August lows, a pattern that Christopher Watling, CEO and chief market strategist at Longview Economics, describes as classic pullback behavior. Watling explains that pullbacks typically unfold in three waves: an initial wave of selling, a...
“A rough start for stocks in August doesn’t necessarily indicate a looming downturn, according to Angelo Kourkafas, senior investment strategist at Edward Jones. Inflation data for July, highlighted by the producer-price index, showed a year-over-year increase of 2.2% in wholesale prices, down from June’s 2.7%. ‘Markets are responding positively to...
The recent upheaval in the U.S. stock market has served as a stark reminder of volatility after an unusually long period of calm, which could signal a shift in market sentiment, according to Jason Goepfert, founder and senior research analyst at SentimenTrader. For eight consecutive sessions, the S&P 500 index...
