SPX500 on the Back Foot Ahead of US CPI Inflation & the Latest Earnings Season
The index slides this week, as markets gear up for another Inflation update on Wednesday and the new earnings season which gets underway
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The index slides this week, as markets gear up for another Inflation update on Wednesday and the new earnings season which gets underway
Q2 earnings kick off this week. This season will make PE analysis very interesting, given its decline towards its historical mean.
The German index starts the week with caution, as investors remain jittery due to fears of an economic downturn, with the maintenance shutdown of Nord Stream weighing on sentiment
The US30 looks to be charting a bullish flag pattern in the short term.
The Nasdaq is a growth index. This classification is notable because rising interest rates hit the growth side of the market hardest. So whether or not we have seen most of the move in yields is an important question? For example, a base will suggest possible value. However, this is not yet the case; technically speaking, the Nasdaq is in a very precarious position.
Shorts may target the GER30 Friday rally.
The German index slumps today and sets new June lows, heading towards its worst month of the year, amidst broader risk-off mood
The tech benchmark is unable to capitalize on last week’s rebound and remains deep in bear territory, as stagflation fears persist
The US benchmark index is on the front foot, trying to exit from the bear territory and heads towards its first profitable week in a month
The German government entered into the second level of its emergency plan for gas yesterday, which sent GER30 lower, heading towards another losing week
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