447 days ago
Traders are closely watching whether or not the S&P500 could close the week above its 200-day moving average of 3'990. Very often, when prices broke above the 200MA, it indicates the end of the bear market.
449 days ago
Financial conditions continue to ease this week offering support to risky assets from stocks, high yield bonds, to crypto. And the largest beneficiaries are emerging market stocks (China mostly), and those stocks that are most sensitive to the dollar impact.
451 days ago
The stock market is set to open higher on expectations that Friday's rise will continue. Investors are also factoring in lower interest rates and the potential for a gentle landing. Plus, headlines about China eliminating all border controls, are also providing support for global growth, a positive for companies' earnings.
451 days ago
The focus of this week will be Fed Chair Powell's speech on Tuesday, followed by US CPI on Thursday. And Friday will mark the beginning of earnings season with mostly big US banks reporting. It will also be the start the blackout period.
455 days ago
Banks outlooks are doomed and vary, but one thing in common seems that economists predict an economic slowdown at minimum in the first half of the year. Inflation is also expected to continue to come down. And there is the potential for a recession or a 'hard landing', triggering central banks to cut interest rates. Overall, market strategists tend to be more positive for the second half of 2023, but could markets play us some surprises again this year?
