S&P 500 IndexLong
240902 Market Outlook
The ISM Manufacturing PMI has dropped below 50, indicating weak economic conditions in the US. Despite this, the S&P 500 has shown resilience, awaiting employment data released this week.
In response to the deteriorating economic indicators, Fed Chair Jerome Powell has hinted at a potential rate cut this month.
After experiencing a two-week adjustment in the latter part of July, the S&P 500 rebounded strongly in August. This recovery demonstrates robust investor confidence, with no signs of a contraction in the index.
In response to the deteriorating economic indicators, Fed Chair Jerome Powell has hinted at a potential rate cut this month.
After experiencing a two-week adjustment in the latter part of July, the S&P 500 rebounded strongly in August. This recovery demonstrates robust investor confidence, with no signs of a contraction in the index.
Note
Focus of investors worldwide is rate cut in Sep.
Big shots is very likely to sell rate cut that is expecting
SPX to adjust before the level of 5200 points and below current levels. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.