US500

SPX broke its weekly losing streak last week and this week is starting off on a more optimistic tone.

Wall Street staged a respectable bounce following Powell’s somewhat dovish tone, but—as we’ve seen in recent sessions, the gains could not hold for too long.

Stocks showed a strong reaction to the Fed and Gold hit a fresh ATH. Currencies were more muted but the question now is follow-through given the tenuous tariff topic.

It’s been a fast re-pricing in stocks over the past four weeks and this week brings the Fed.

A brutal week saw a strong Friday bounce, but there’s no clear evidence yet that a low is in-place after four weeks of selling.

Sentiment received a boost today as February inflation came in cooler than anticipated, propelling stocks higher after two days of steep declines. Techs were leading the charge with Nvidia up 6.7% and Tesla up 8% at the time of writing. Can the tech megacaps lead a market recovery and boost the short-term S&P 500 forecast?

The SPX has dropped over 7.0% since its most recent peak on February 19, when it climbed to the 6,150-point range.

It’s been a fast start to the week with selloffs in both U.S. equities and the USD. But volatility continues to flow and tonight brings a State of the Union Speech from President Trump.

It was a banner year for stocks and the last time the S&P 500 rallied by this much the index continued with a strong outing in 1999.

It was a slow grind higher for the S&P 500 last week, but the index touched the next major round level of 6100 and there’s no some open and unfilled gap around 6050.

It’s been a fast-evolving market since the Presidential election three weeks ago. But stocks remain higher, Bitcoin has put in a major move and gold is on its back foot.

SPX has a sizable gap sitting below current price action and the top of that zone came into play for four consecutive days, while remaining well defended by bulls ahead of this week’s test of 6k.

S&P 500 futures pulled back again last week and as yields have continued their run-higher, there’s more potential for greater pullbacks ahead. Both the election and FOMC can bring impact on both fronts.

The S&P 500 has shown resilience, with US stocks rebounding on the back of strong earnings reports today. Positive surprises from major companies, such as Tesla, and strong performances in Europe are helping to stabilise sentiment.

In the last week or so, the S&P 500 hasn’t gone anywhere, trading inside a tight range – albeit near its recently-hit all-time high. So far it has been a week void of any major economic data. So, you can understand why the market has been a bit cagey this week. But investors are also wary of at least two major risk events, which could dent the S&P 500 forecast

Stocks haven’t shown much for pullbacks of late, but S&P 500 Futures have struggled so far to gain acceptance through the 5900 level.

S&P 500 futures have shown little interest in the major repricing of Federal Reserve rate cut expectations caused by Friday’s blowout non-farm payrolls report for September, raising the question whether Thursday’s US consumer price inflation (CPI) report is as big a risk event as some make it out to be.