All Articles Tagged - US500

Equity indices continue higher unhindered – Stock Market News

Posted on February 17, 2023 at 1:58 pm GMT

Equity markets globally continue their advances unscathed by both the recent economic developments and balloon attacks. Amongst the key indices, the Italian MIB index leads the charge with a 16.2% increase since year-end, followed by Nasdaq 100 with a sizeable 13.4% rally. It is really intriguing that the European stock indices have been outperforming their US counterparts in the past 14 months. Could the European economy be in better shape than widely assumed? Stock markets are rumoured to reflect future [..]

What does the current yield curve inversion tell us about future asset performance? – Special Report

Posted on February 15, 2023 at 2:52 pm GMT

Economists and market participants enjoy identifying indicators that, according to their analysis, reveal the future economic performance. Among the plethora of such indicators, the inverted 2-year/10-year (2s10s) US yield curve holds a special place in their hearts as it has predicted the most recent recessions. At the moment, the 2s10s US curve trades at an extremely inverted level that has been seen only twice in the past 40 years. What were the economic conditions that led up to this inversion [..]

Technical Analysis – US 500 index rebound runs into trouble at 50% Fibo

Posted on February 15, 2023 at 2:33 pm GMT

The US 500 stock index (cash) has been edging sideways after the rebound from October’s two-year low of 3489.76 hit the buffers near the 50% Fibonacci retracement of the correction from the all-time high of 4,817.51. The latest upward attempt came on Tuesday, but the bulls could only manage a brief spike above the 50% Fibo of 4,153.64. The positive momentum has since started to wane, although it has not completely dissipated. The RSI is sloping downwards but is holding [..]

Daily Market Comments – Risk appetite wanes as yields keep climbing

Posted on February 10, 2023 at 10:13 am GMT

Wall Street headed for weekly losses as hawkish Fed talk pushes up yields But dollar mixed as investors await more clues on inflation Yen gains on BoJ nomination reports, oil jumps as Russia cuts output Recession fears intensify as yield inversion deepens Equity markets look set to end the week on a sour note as investors finally seem to be heeding the message from the Fed that the rate-hike cycle has some way to go following a series of hawkish [..]

Daily Market Comment – Caution ahead of Powell after RBA’s hawkish drumbeat

Posted on February 7, 2023 at 10:21 am GMT

Equity markets struggle to get back on their feet after hawkish Bostic and RBA Dollar holds near one-month highs, aussie jumps as RBA flags more rate hikes Yen perks up on wage data, gold firmer ahead of Biden’s State of the Union speech Stocks make limited headway as Powell looms large Trading got off on a somewhat steadier note on Tuesday, with some equity markets turning positive, while the US dollar’s rebound appeared to run out of steam. But the [..]

Daily Market Comment – Dollar soars, stocks dive after NFP shock; yen skids on BoJ rumours

Posted on February 6, 2023 at 10:26 am GMT

Jump in payrolls halts tech rally, revives dollar bulls; Fed speakers eyed next Yen tumbles on reports that Kuroda successor will be architect of BoJ’s ultra-easy policy Gold takes a hit from surging yields, but pares losses on US-China tensions Markets learning to not fight the Fed Friday’s payrolls report sent markets into a spin as the US economy added a staggering 517k jobs in January, disproving concerns about a worsening slowdown. More crucially, the fact that the labour market [..]

S&P500 short-term correlations hold surprises – Special Report

Posted on February 1, 2023 at 7:13 am GMT

It has been a relatively quiet week, but it is highly probable that this calmness will be broken soon. The numerous central bank meetings, starting with the Fed gathering on Wednesday afternoon, and the busy data calendar promise an eventful period. Market correlations are used extensively by market participants to depict the current state of the market. Do long-term correlations stand or has something changed in the market recently? By using daily data, we calculated the latest 3-month daily correlation, [..]

Technical Analysis – US 500 stock: Will golden cross of SMAs prove to be a bullish sign?

Posted on January 30, 2023 at 2:01 pm GMT

The US 500 stock index is retreating after the successful rally above the long-term downtrend line and the 4,000 round number. Also, the 50- and the 200-day simple moving averages (SMAs) posted a golden cross, but the momentum is weakening as both are moving sideways. The RSI is pointing down in the bullish region; however, the MACD is strengthening its momentum above its trigger and zero lines. Should the pair manage to strengthen its positive momentum, the next resistance could [..]

Daily Market Comment – Techs extend rally amid optimism, dollar eyes inflation data

Posted on January 27, 2023 at 9:58 am GMT

Wall Street in buoyant mood despite mixed earnings as Tesla surges Dollar firms after solid growth data, PCE inflation coming up next Yen edges up as BoJ yield policy tested again after Tokyo CPI rise Equities shrug off gloom as tech stocks rally The Nasdaq is headed for a fourth consecutive weekly gain, outperforming both the S&P 500 and the Dow Jones, as tech stocks stage a surprise comeback in 2023. The earnings season went into full gear this week [..]

Daily Market Comment – Wall Street jumps ahead of key earnings and data

Posted on January 24, 2023 at 10:32 am GMT

Tech stocks surge as S&P 500 closes above 4,000, all eyes on Microsoft Euro eases off highs amid signs of ECB divisions, mixed PMIs also weigh Dollar struggles as Fed bets trimmed, gold hits fresh highs Wall Street bulls fire up ahead of tech earnings Growing hopes that the Fed will soon call time on its aggressive rate-hiking campaign continued to feed optimism in equity markets, pushing the S&P 500 above the 4,000 level on Monday. US stocks staged a [..]

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