Tom Lee’s Forecast: The Stock Market’s Upward Surge Faces February Headwinds
Critical Insights for the U.S. Trading Day As the curtain falls on 2023 for Wall Street, Friday marks the final trading day, with the S&P 500 index bulls poised for a potential record high, akin to a football team needing that one decisive push. Tom Lee, Head of Research at Fundstrat, offers a reassuring outlook, […]
The New Normal: S&P 500’s Rollercoaster Ride and the ‘Weirdest Bull Market’ Yet
Approaching the close of 2023, the S&P 500 index is edging towards a fresh record high. However, a disconcerting reality for stock pickers unfolds as numerous index constituents still lag far behind their January 2022 peaks. This disparity has given rise to a notable schism in the U.S. market, creating what eToro’s Callie Cox aptly […]
S&P 500 on the Rise: Key Considerations for Smart Stock Market Investing
The primary benchmark in the stock market hasn’t achieved a record close for almost two years. The journey for stock-market enthusiasts has been notably unusual and unusually protracted. After nearly two years, the S&P 500 is only a few points away from reaching record territory. On Tuesday, the S&P 500, the prominent U.S. large-cap benchmark, […]
S&P 500 Rallying to New Heights: Strategist Highlights Euphoric Investor Sentiment
Key Insights for Today’s U.S. Trading Session As 2023 draws to a close, investors may be tempted to stay on the sidelines, considering recent market volatility and the high expectations tied to the elusive Santa Rally. However, the outlook appears optimistic for the upcoming Tuesday trading session in this shortened week. Following the release of […]
Christmas on Wall Street: The Belated Arrival of Santa Claus
The market’s favorable odds extend into the initial days of January, making this period, from the end of Christmas to the first two trading sessions of the new year, the statistically supported Santa Claus Rally. Derived from the Stock Trader’s Almanac definition, this rally period, occurring in 98 out of 127 instances since the creation […]
Is the ‘Santa Claus’ Rally on the Horizon? A Look at the Stock Market’s Seasonal Surge
Pete Biebel of Benjamin F. Edwards suggests that a portion of Santa’s generosity may have already been distributed, indicating a potential early start to the anticipated Santa Claus rally on Wall Street. This traditional rally is characterized by the stock market‘s tendency to ascend during the final five trading days of the current year and […]
Strategist Predicting Record S&P 500 Levels Warns Investors to Cash In
The stock market‘s nine-day winning streak came to an abrupt end on Wednesday, just before a holiday break. Speculation suggests that the bullish momentum, fueled by the Federal Reserve’s recent shift, collided with uncertainty regarding the number of interest rate cuts expected next year. Despite a slight improvement in mood on Thursday, as indicated by […]
Red Sea Crisis Sparks Renewed Inflation Worries in Financial Markets
Recent attacks on commercial shipping in the Red Sea are sparking renewed concerns about the possibility of another wave of inflation, particularly in Europe, posing a threat to the core narrative in the financial markets for the new year. This narrative gained momentum after the Federal Reserve’s recent dovish pivot and continued to unfold on […]
S&P 500’s Year-End Battle: Bears Rally as ‘Doji’ Patterns Emerge
A double ‘doji’ has appeared in the candlestick charts of the S&P 500, suggesting the potential for a significant move, though the direction remains uncertain. Despite a remarkable surge, a hint of bearish sentiment is emerging in a major U.S. index. The S&P 500 is within 2% of its record high, last achieved on January […]
S&P 500 Futures Maintain Strong Position in Last Trading Week of 2023
On Monday, U.S. stock futures flirted with their highest levels of the year, supported by benchmark borrowing costs hovering near their summer lows. Here’s a snapshot of stock-index futures trading: In the previous session, the Dow Jones Industrial Average rose by 57 points or 0.15% to 37305, the S&P 500 remained unchanged at 4719, and […]
