Stocks Analysis by Fawad Razaqzada covering: EUR/USD, S&P 500, SPDR® S&P 500, US Dollar Index Futures. Read Fawad Razaqzada's latest article on Investing.com
As US index futures hint at a subdued start today amid lingering concerns about stretched valuations, especially on the S&P 500.
Following a robust quarter for US markets, we may see at least one last hurrah, even as concerns about overstretched valuations persist. What’s more, Fed Chair Jerome Powell will also be speaking on Friday. Together, these events might provide the market with additional understanding regarding the Fed’s intentions concerning interest rates.
Stocks have surged in these three months of the year thanks to an AI-inspired rally and the prevailing optimism that the Federal Reserve will initiate interest rate cuts later in the year.has soared about 25% since late October. So, there are concerns that positioning may be overstretched and that the markets are vulnerable to short-term profit-taking., which tracks the S&P 500, continues to look bullish as it remains inside a multi-month rising channel with shallow pullbacks.
What’s more, the RSI is not at extremely overbought levels yet. Every time it has risen above the threshold of 70, it has worked off its overbought conditions through consolidation, rather than a sell-off. Therefore, dip-buying strategies are the ones traders should continue to concentrate on until the trend flips to a bearish mode.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This Shiba Inu Metric Explodes by 500% Amid a SHIB Price Rally: DetailsCrypto Blog
Read more »
HSBC Lifts Year-End Target for S&P 500 to 5,400 on Soft-Landing HopesHSBC Monday raised its year-end target for the benchmark S&P 500 to 5,400 from its prior forecast of 5,000, assuming a soft-landing for the U.S. economy and implying about 3% upside to the current levels.
Read more »
DAX 40, S&P 500 Trade Close to Record Highs while FTSE 100 nears 8,000 MarkOutlook on FTSE 100, DAX 40 and S&P 500 amid FOMC and MPC member speeches.
Read more »
These 5 stocks are beating the S&P 500 — and analysts expect them to rise even furtherCNBC Pro screened the S&P 500 and the Vanguard FTSE All-World ex-US ETF for stocks that are beating the market so far this year — and that analysts love.
Read more »
Get Geared Up for the Daytona 500 to Kick Off the 2024 NASCAR SeasonKick off the 2024 NASCAR season at Daytona with this collection of officially licensed NASCAR gear to ensure you're kitted out, trackside or couch-side.
Read more »
British Columbia adding 500 public EV charging terminals | Car NewsThe British Columbia government will add 500 public charging stations for electric vehicles to its network. Auto123 has the details.
Read more »