TAG: SPX 500
US dollar, Nasdaq, S&P 500, gold analysis: Forward testing US CPI
The Bureau of Labor Statistics release their monthly inflation report in a few hours. Using data sin...
7 months ago
Nasdaq 100: Deteriorating market breadth does not bode well for the bulls
The price actions of Nasdaq 100 have reached the lower limit of a major resistance zone at 18,435/620. Heightened over-concentration risk from Nvidia as its current year-to-date returns of 87% contributed to 55% of Nasdaq 100’s year-to-date return of 10....
6 months ago
SPX 500: Fed dovish pivot narrative is at risk
Higher oil prices have led to higher inflationary expectations in the US via the breakeven rates. Recent rise in inflationary expectations coupled with recent “less dovish” Fed Speak from Fed officials Kashkari, and Bostic has revived the “higher for lon...
6 months ago
Currency war and geopolitical risk are deadly concoctions for risk assets
The odds have inched higher for a currency war scenario where the Chinese yuan may be weakened further to drive export growth due to its latest decelerating growth trend in China’s retail sales and persistent weak housing prices. Export-oriented countrie...
6 months ago
SPX 500: How low can the correction go?
The S&P 500 has recorded three consecutive weekly losses since its recent all-time high level of 5,265 printed on 28 March 2024. Last week’s decline of -3.05% was its worst weekly performance since early March 2023. A clear break below its upward-slo...
5 months ago
SPX 500: Further weakness may trigger a medium-term global risk-off event
Market participants have started to question the earlier high earnings growth prospects placed on the “Magnificent 7” stocks. The past month of record low implied correlation among S&P 500 component stocks can increase the odds of a more pronounced s...
2 months ago
S&P 500, Nasdaq 100 – Futures Hold High Ground as US Considers a Breakup of Google
The US Justice Department may force Google to divest parts of its business due to antitrust concerns. S&P 500 and Nasdaq 100: Despite market uncertainty, these indexes had a strong day on Tuesday, recovering from Monday’s losses. Following a disappoi...
1 day ago
Russell 2000: Soft to no-landing is supporting another bullish upleg
Better than expected US non-farm payrolls & unemployment rate for September have revived the soft to non-landing narrative. The Citigroup US Economic Surprise Index has improved significantly since August. The improvement in US economic growth prospe...
1 day ago
SPX 500: First sign of volatility detected
Trump’s trade war 2.0 narrative & steep sell-off in ASML spooked the performances of the major US stock indices on Tuesday, 15 October. Implied volatility in the US stock market, measured by the VIX tends to be highest in October based on data during...
1 hour ago