S&P 500 will hit record highs before year-end - Piper Sandler
Global financial markets are experiencing declines today as government bond yields continue to rise. In the United States, yields are reaching new cycle highs, putting pressure on stocks. TheRecent economic data, including strong jobs numbers and retail spending, have exceeded economists' expectations, providing evidence of robust economic growth in the third quarter.break free from a nearly year-long profits slump.
According to Bloomberg’s analysis, it has taken an average of 11 months from the peak of interest rates in a tightening cycle for stocks to decline from their highs. “We believe extreme oversold conditions in breadth, with the SPX holding above 4,200 support, keep equities poised for more than a relief rally into a seasonally bullish Q4,” the analysts wrote in a note to clients.
“As long as the SPX remains above 4,200 support, we suspect it is just a matter of time before bulls take firmer control of equities,” the analysts added.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Piper Sandler names its 'highest conviction' large-cap stock to own into the year-endThe financial services company gave the stock roughly 20% potential upside from Monday's close.
Baca lebih lajut »
Stock Market Has Stress Fractures but No Clear BreaksStocks Analysis by Michele Schneider covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Michele Schneider's latest article on Investing.com
Baca lebih lajut »
Is It Time for Utilities Stocks to Stop Stinking up the Joint?Stocks Analysis by Chris Kimble covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Chris Kimble's latest article on Investing.com
Baca lebih lajut »
S&P 500: The 'Good News Is Bad News' Trade Doesn't Make SenseStocks Analysis by Jani Ziedins covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Jani Ziedins's latest article on Investing.com
Baca lebih lajut »
S&P 500: 4400 Resistance Looms as Index Draws Fresh Breath From Hot Retail SalesMarket Overview Analysis by Michael Kramer covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Michael Kramer's latest article on Investing.com
Baca lebih lajut »
The 'Good News Is Bad News' Trade Doesn't Make SenseStocks Analysis by Jani Ziedins covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Jani Ziedins's latest article on Investing.com
Baca lebih lajut »