Where will the SPX500 be sent to the stock market next year?
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Let's talk a little about the stock market and FOMC rates. What values will the stock market show us next year?
From the technical side:
Before all the data results that we saw with you in December, the SPX500 was breaking the 4000 mark and almost showing ATH.
Well, some results and also the rhetoric of J. Powell failed and the stock market again went to test 3800 points and is now on the verge of a breakdown in the zone of 3700-3650 points.
The Fed has made it very clear to us that next year we will again see 0.5-0.75 bp rate hikes and as we all know this is not very positive for risky assets...
If we talk about the correlation with the cryptocurrency market, then we can say that at the moment there are not significant changes in the direction of the cryptocurrency market, but they are.
I think that next year, closer to spring, we will see the SPX500 at the level of 3000 points, and then the real bull will begin when the process of raising rates is suspended for a long time.
Let's talk a little about the stock market and FOMC rates. What values will the stock market show us next year?
From the technical side:
Before all the data results that we saw with you in December, the SPX500 was breaking the 4000 mark and almost showing ATH.
Well, some results and also the rhetoric of J. Powell failed and the stock market again went to test 3800 points and is now on the verge of a breakdown in the zone of 3700-3650 points.
The Fed has made it very clear to us that next year we will again see 0.5-0.75 bp rate hikes and as we all know this is not very positive for risky assets...
If we talk about the correlation with the cryptocurrency market, then we can say that at the moment there are not significant changes in the direction of the cryptocurrency market, but they are.
I think that next year, closer to spring, we will see the SPX500 at the level of 3000 points, and then the real bull will begin when the process of raising rates is suspended for a long time.
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