SPX 500

Stocks continued with strength in 2024 and with a market-friendly administration taking over in the United States, the backdrop is open for continuation of equity gains.

It was a banner year for stocks and the last time the S&P 500 rallied by this much the index continued with a strong outing in 1999.

The recent bearish trend isn’t confined to the S&P 500. The Dow Jones Industrial Average has experienced its first 10-day losing streak since 1974, shedding nearly 2,900 points over two weeks from its highest to its lowest points.

After a strong performance throughout the year, there are still no major signs of the trend turning bearish for the S&P 500 heading into the final weeks of the 2024. For that reason, we have no reason to adjust our S&P 500 forecast to bearish just yet from a technical point of view, even macro concerns are plentiful.

U.S. stocks are heading to a higher open. US inflation data brought no surprises and bolstered expectations that the Fed would cut rates again next week. CPI rose 2.7% YoY, up from 2.6% in October, and core CPI rose 3.3%. The data cemented expectations that the Fed would cut rates in December, boosting stocks while the USD was unchanged.

It was a slow grind higher for the S&P 500 last week, but the index touched the next major round level of 6100 and there’s no some open and unfilled gap around 6050.

Investors are looking ahead of the all-important non-farm payrolls report on Friday. Ahead of this, there were little signs of waning appetite for risk, keeping the S&P 500 forecast and trend bullish. But as the index starts to drift higher and higher into overbought levels, investors will be wondering when the Trump trade will be fully priced in.

U.S. stocks are edging lower on Tuesday after the S&P 500 and the NASDAQ closed at record levels in the previous session. Sentiment is souring after news that China will begin banning the export of some rare minerals to the US in a tit-for-tat escalation of the tech war

U.S. stocks fall as investors digest stronger-than-expected US retail sales and more hawkish comments from Federal Reserve chair Jerome Powell. Powell said the Fed was in no rush to cut rates due to the solid economy, resilient jobs market, and interest still holding above 2%. As if on cue, US retail sales came in stronger than expected.

So far, US stock investors appear unfazed by global softness in commodities and bond markets, even as the 10-year Treasury yield inches closer to 4.5%, reflecting a more hawkish interest rate outlook for next year. But with the dust settling on Trump’s election victory, could we finally see retracement to cause a bearish shift in the short-term S&P 500 forecast?

US stocks are edging lower after losses in the previous session as investors digest the latest US inflation data while looking ahead to more Fed speakers later today. US inflation was in line with forecasts, rising 0.2% MoM (2.6% YoY), while core inflation was also as expected, rising 0.3% MoM (3.3% YoY). The data supports a December rate cut.

U.S. stocks are set to open modestly higher on Friday, remaining close to record highs reached this week as the markets digest the Federal Reserve rate cut following Trump's win and as investors look ahead to next week’s inflation data. The Fed cut rates by 25 basis points as expected and te market sees another cut coming in December. However, rate cut expectations for next year have been lowered.

Markets are making big moves on the back of Trump’s win and if House results confirm a Republican supermajority, there could be drive for even further highs in stocks and Bitcoin. The US Dollar, however…

The US Dollar was very strong in October as rising odds of a Trump win started to get priced-in to markets, but can equities avoid a pullback if longer-term US rates continue to fly-higher?

U.S. stocks are rising very modestly, and trade is cautious ahead of this week's upcoming US elections and the Federal Reserve interest rate decision. The polls remain incredibly close, with Kamala gaining some ground. The VIX index, which is considered a measure of market fear, is above its 30-day moving average, although it's still well below where it was the week before the 2020 election.

S&P 500 futures pulled back again last week and as yields have continued their run-higher, there’s more potential for greater pullbacks ahead. Both the election and FOMC can bring impact on both fronts.

U.S. stocks are rising, recovering after yesterday's steep sell-off as investors digest the very weak US non-farm payrolls and as treasury yields fall. The headline NFP saw 12k jobs added in October while unemployment remained at 4.1% and wage growth at 4%. Amazon soars after beating earnings & revenue forecasts with solid results from the cloud and advertising sectors. Attention now turns to next week's US election and Fed meeting.