S&P 500 IndexLong
Weekly Review: Bullish Inertia Remains (Read for Fundamentals)
Bullish sentiment remains in the markets, despite some noise in the background.
Where to look at:
- Vaccine (expected to be released earlier than expected)
o Can surprise positively
- China – USA
o Actual situation is not that tense, which may change
- Technology (it has changed more into safe heaven rather a rick sector)
o Salesforce provided good guidance
PMIs and Job data to watch out for this week.
- These indicators will manifest USA will recover employment quicker but it will take more time to Europe
Overall, the markets will be more active because of the return from holidays and if we see good job data and PMIs, the markets can be in for another bullish week.
Where to look at:
- Vaccine (expected to be released earlier than expected)
o Can surprise positively
- China – USA
o Actual situation is not that tense, which may change
- Technology (it has changed more into safe heaven rather a rick sector)
o Salesforce provided good guidance
PMIs and Job data to watch out for this week.
- These indicators will manifest USA will recover employment quicker but it will take more time to Europe
Overall, the markets will be more active because of the return from holidays and if we see good job data and PMIs, the markets can be in for another bullish week.
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