The G20 summit took place in Bali, Indonesia, on November 2022…
Experts Predict Stock Market Bullrun
Information is not investment advice
Wall Street analysts are the most bullish on stocks in almost two decades. About 56% of them recommend buying S&P500 stocks. It is the largest indicator value since 2002. Such bullish sentiment was caused by the highly successful earnings season.
Analysts are gaining optimism as the stock market gains continuously and companies outperform even the highest expectations. The Q2 earnings season was one of the strongest in history. At the moment, it looks like neither Delta variant COVID cases growth, nor China’s regulator crackdown are able to change traders’ sentiment as S&P500 doubled since March 2020 dump.
Analysts are bullish not only towards the US stock market, in Europe and Asia the number of bullish predictions reached 10-year heights.
Analysts predict S&P500 12% growth and 21% HK50 growth within 12 months.
However, traders shouldn’t lose control over their trading strategies as the market moves in whatever direction hurts the most participants. This bullish sentiment combined with a risk of inflation growth can play a bad joke on everyone.
At the moment, S&P500 is heading towards the 100-period moving average. If the price breaks this support through, the next target will be 4390, which will be a good buy option as in this case the price will locate near the bottom line of the channel S&P500 have been moving into since March 2020.
The deafening news shocked the whole world yesterday: the British Queen Elizabeth II died peacefully at the age of 96…
After months of pressure from the White House, Saudi Arabia relented and agreed with other OPEC+ members to increase production.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
On Thursday, the 2nd of February, the Bank of England will publish its report concerning interest rates and inflation data for the Eurozone. Professionals and investors anticipate that Andrew Bailey’s lead team of policy makers will likely raise interest rates to 4%; the highest in over a decade, for the tenth time in a row.
The first FOMC meeting comes after a buildup of anticipation from traders and investors alike, as the markets await what posture the Fed will take regarding the interest rates; would there be a hike or a cut in interest rates? Recall that the Federal Open Market Committee had previously ended the year 2022 with a 50bps hike, and an indication from Powell, the committee chairman, that the Fed could consider raising interest rates by 75bps in the course of the year 2023.