Looks like S&P500 bulls, but expect that it will only go so far.
Unemployment rate has gone up 2%.
NFP higher than expected but lower than previous.
But, inflation still on the rise. Fed is poised to hold their stand, continue hiking interest rates albeit at a slower pace.
Interest rates hikes are possibly priced in by now - with the Fed having made a clear stance for interest rate to be within the range of 4-5%.
We have just hit the lower end of the range at 4%, and will probably be little to low impact from now for anything under 5%.
Expect chaos if interest rates go above 5%. If otherwise, market will probably continue the bulls until a new catalyst hits.
Will we see a correction to key price levels before resuming the higher timeframe trend?
Unemployment rate has gone up 2%.
NFP higher than expected but lower than previous.
But, inflation still on the rise. Fed is poised to hold their stand, continue hiking interest rates albeit at a slower pace.
Interest rates hikes are possibly priced in by now - with the Fed having made a clear stance for interest rate to be within the range of 4-5%.
We have just hit the lower end of the range at 4%, and will probably be little to low impact from now for anything under 5%.
Expect chaos if interest rates go above 5%. If otherwise, market will probably continue the bulls until a new catalyst hits.
Will we see a correction to key price levels before resuming the higher timeframe trend?
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.