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| SPX (US500) Rejection off KL | Stocks in the United States have fallen sharply in recent days, despite the fact that the S&P 500 reached a new all-time closing high only last week. As a result of the prospect of accelerated tapering, investors' appetite for assets that do not generate significant revenue or return capital to shareholders has been dampened. Disruptive, growth stocks in the technology sector have been hit the hardest. Cryptocurrency is included since Bitcoin and Ethereum have officially entered bear markets, according to the most recent data (down over -20 percent from their all-time highs). The demand for gold has been limited despite the fact that inflation rates in the United States have reached their highest level since the early 1980s. This is due to rising US real yields – 10-year real yields have risen by 20 basis points in the last month – which have taken the luster off precious metals. Expectations of rate hikes have been pushed forward as the Federal Reserve signals a more aggressive stance, which has dampened longer-term growth and inflation expectations. The markets continue to assume that inflation is a temporary phenomenon, despite the fact that Federal Reserve Chair Jerome Powell has formally removed the concept from their vocabulary. In this week's episode of MKT Call: Macro, we examined how the data surrounding the COVID-19 omicron variant is proving to be less alarming for global financial markets than the first reaction at the end of November (formerly The Macro Setup). When previously stated, as viruses grow more transmissible, they become less fatal, meaning that the health consequences of omicron may be limited. Lockdowns, on the other hand, might be far more detrimental to the global economy as a result of governments' reactions. On the other hand, the development of the term "transitory" in both the Federal Reserve and the United States Treasury is still being digested by market players in other parts of the world. In the aftermath of Fed Chair Jerome Powell's speech last Tuesday, however, it looks that calmer heads have prevailed; this shift in tone is nothing new if you've been paying attention to Fed leaders' words over the previous few months. Considering how well the United States economy is performing (the Atlanta Fed GDPNow growth tracker for 4Q'21 is a scorching 8.6% real annualized growth rate), the possibility that the Federal Reserve will accelerate the rate of tapering next week isn't surprising. The rates markets have been somewhat "smooth as it went" aside from the hot inflation indicators, discounting the probability of 150 basis point rate rises until the end of 2023 for several weeks.
U
by SteadyTradeAI
SPX Hts ATH | U.S. Dollar Update | Sydney OpenTraders were looking forward to the Federal Reserve's next move at the Jackson Hole symposium, and the S&P 500 and Nasdaq 100 both hit fresh highs on Wednesday. The markets in the Asia-Pacific region are likely to open cautiously. Stocks on the Dow Jones Industrial Average, the S&P 500, and the Nasdaq 100 all ended with increases of 0.11 percent, 0.22 percent, and 0.07 percent. The Jackson Hole Symposium will include a presentation by Federal Reserve Chair Jerome Powell on Friday, April 12. As Asia-Pacific markets open mixed, investors' attention is focused on the Federal Reserve's tapering schedule. Because of the FDA's final approval of the Covid-19 vaccine, developed by Pfizer and BioNTech, Wall Street stocks ended marginally higher on Wednesday, adding to their recent gains. It also fueled cyclically oriented sectors such as the finance, energy, industrials, and materials industries, while also raising expectations of future inflation. During the meanwhile, investors will be searching for clues about the Federal Reserve's tapering timeline at the Jackson Hole symposium. On Friday, Federal Reserve Chair Jerome Powell will deliver a speech at the Federal Reserve's annual economic symposium in Jackson Hole, Wyoming. Global investors will be paying close attention to see whether the central bank intends to scale down its $120 billion per month asset purchase program by the end of the calendar year. The market, on the other hand, seems to be unconcerned, as the DXY US Dollar index fell for the fourth day in a row to 92.82 points. Gold prices have fallen below $1,785, which had served as a support level. On Thursday, the price of crude oil climbed to $68.02 a barrel, continuing a four-day rise, although the upward momentum seems to be waning. The market seems to have priced in the prospect of tapering before the end of the year, and the Jackson Hole symposium may provide more confirmation of this. It is anticipated that the Asia-Pacific markets will open mixed on Thursday. Japan, South Korea, Taiwan, Malaysia, and Thailand are among the countries with positive futures, while mainland China, Hong Kong, Australia, Singapore, and India are among the countries with negative futures, according to Reuters. According to the S&P 500's final close on Wednesday, seven of the index's eleven sectors ended higher, accounting for 71.3 percent of the index's components. Among the best-performing sectors were financials (+1.21 percent ), energy (+0.72 percent ), and industrials (+0.60 percent ). The worst performers were healthcare (-0.26 percent ) and real estate (-0.18 percent ).
TVC:DXYShort
by SteadyTradeAI
We entered a trade today in PX!Another trade we entered today was in PRAXAIR (PX). Heres why we like this bullish position for a nice swing trade: 1) OVERALL MARKET STRENGTH - The overall market looks phenomenal after a strong move the last couple of days and looks to move to new highs. 2) SECTOR STRENGTH - The industrials sector itself is looking phenomenal after today's move. You can see the great setup in the Industrial Sector ETF XLI. 3) Breaking out of consolidation - This stock has consolidated for for a little while and now looks ready to move higher. There is a squeeze on the 1 hr chart which is one of my favorite setups to trade. We will see what this trade bring in the coming days! SPY. DIA. QQQ. IWM. AMEX:SPY AMEX:DIA NASDAQ:QQQ AMEX:IWM
NYSE:PXLong
by StrengthTrading