S&P 500 Financials Near Highs Ahead of Bank Earnings
DataTrek’s Nicholas Colas emphasizes that the financial sector of S&P 500 is “much more than just banks,” as investors await JPMorgan’s third-quarter results expected on Friday. Last week, all three major U.S. stock indexes posted gains for the fourth consecutive week, boosted by a stronger-than-expected jobs report. The financial sector of the S&P 500 saw […]
Why Goldman Sachs is Bullish on the S&P 500
This week, the third-quarter earnings season kicks off, accompanied by yet another upward revision to the S&P 500 forecast from Goldman Sachs. Led by David Kostin, the Goldman Sachs team has made at least their third upgrade to the S&P 500 targets this year. The team now projects the S&P 500 to reach 6,000 within […]
Foreigner Predicts U.S. Stock Market Comeback
Past Fed easing cycles have often led to stronger U.S. equity returns, according to an analyst. It’s Jobs Friday, and with inflation seemingly under control, the nonfarm payrolls report is reclaiming its status as a key economic indicator, bringing back some normalcy for traders. However, the U.S. stock market has recently faced an unusual period […]
2025 Stocks Slump: Blame the New President?
Stocks often struggle in the first three months after a new president is inaugurated. Regardless of who wins the U.S. presidential election, the stock market typically faces challenges following Inauguration Day in January. Since the Dow Jones Industrial Average (DJIA) was established in 1896, one of its weakest quarterly performances has historically been during the […]
Tuesday’s Market Drop: Beyond Iran
Port Strike Also Adds to a Softer October Start While Iran’s missile attack on Israel drove a selloff in U.S. stocks Tuesday and spiked oil prices, it wasn’t the only factor causing turbulence in the financial market. Analysts pointed to other contributing factors, including a significant strike by U.S. dockworkers that could cost the economy […]
Brilliant Price Action – Roadmap for Traders
In the fast-paced world of day trading, understanding when to enter and exit trades can make all the difference. One effective method many traders use is the Second Candle Close Trading Strategy combined with a roadmap signal. Let’s break down how this strategy works and why it’s so effective for short trades. The Roadmap Setup […]
