There’s still no clear direction, as stock prices continue to fluctuate following their mid-June sell-off. So is this a bottoming pattern?
👉Find out more in today's Stock Trading Alert: https://t.co/gBhXeI8tyw
The S&P 500 index accelerated its sell-off, as it broke below the 3,800 level yesterday.
The market is frightened by tomorrow’s FOMC Statement release.
🤔Is it getting closer to a bottom?
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The S&P 500 index slightly extended its downtrend yesterday, but at the end of the day it was higher.
Was it a reversal or just another short-term bounce?
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📉PMs declined on Apr. 27, as commodities have lost some of their mojo.
With the Fed wanting to curb inflation, quarterly price increases and robust elasticities are not helping the situation.
📉The S&P 500 lost 0.34% on Tuesday following its Monday’s decline of 1.7%. There is still a lot of uncertainty concerning the Ukraine conflict and Fed’s monetary policy tightening plans.
On Monday it led to a more pronounced profit-taking action. However, the coming quarterly earnings releases season may be a positive factor in the near term.
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Stocks extended their short-term uptrend on Friday, but this week we may see some more uncertainty and a possible profit-taking action:
https://t.co/f8bCEkWnZO
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📉It seems that the stalemate in Ukraine has slowed down gold's bold movements.
👉Will the Fed's decision on interest rates revive them again?
https://t.co/embzrkAJ0k