12/30/2023 0 Comments Sleepytime calculator reviewThat was wrong, as noted by Goldman Sachs: With volatility at extremely low levels, as shown, a hot CPI report or a “hawkish message” from the Fed could cause stocks to stumble.” “The jobs report yesterday was weak across the board, which will likely keep the Federal Reserve on hold for now, and next week is the inflation report and the last FOMC meeting for the year. In that newsletter, we also made a forecast for this week’s FOMC meeting: However, the combination of overbought conditions and excess bullish sentiment limited gains from weaker-than-expected economic reports that should keep the Federal Reserve at bay next week.” “While the market struggled to advance early in the week, on Thursday and Friday, markets climbed to set new closing highs for the year, as shown. That consolidation ended last Thursday, to wit: Last week, we noted that the current rally was exceptionally extended, and corrective or consolidative action was necessary. The full newsletter will return next weekend. This analysis was written early Friday, with Thursday’s closing data, so some data points will not be of the week’s ending. However, with the FOMC pivot on Wednesday, I wanted to provide a brief market trading update. Last week, I noted that I was traveling this weekend for business, and there would be NO newsletter. Research Report – Wall Street Analysts Are Optimistic For 2024.
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