
Stocks Rally After the Rate Hike but is a Lagging Nasdaq Saying Something?
The response to the rate hike was a strong Thursday outing but ever since Kevin Warsh took over atop the Fed there’s been a shift in equity markets.
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The response to the rate hike was a strong Thursday outing but ever since Kevin Warsh took over atop the Fed there’s been a shift in equity markets.

A hawkish Fed and 10-Year Notes on the verge of a push above 5%, yet stocks have so far shrugged off that fear. But can it continue?

The S&P 500 fell on Friday to post a flat close on the week. Rising yields and elevated oil prices reminded investors that the macro backdrop is turning challenging. Friday’s US jobs report raised the pressure on the Fed to hike as the report was considerably stronger than expected. All the attention will be on inflation data in this shortened week for US investors, plus the usual suspects of oil and bond yields, ahead of the FOMC rate decision in the following week.

S&P 500, Nasdaq and Dow test key technical levels as momentum fades, raising the risk of a deeper correction heading into a pivotal week.

Is it a bubble or just a mania? While AI holds a lot of promise the valuations are becoming untethered from historical norms but that doesn’t necessarily mean that prices need to come down.

Major U.S. indices enter Fed week at pivotal technical levels as weakening momentum raises the stakes for the next breakout.

The Trump Pump has continued for much of the past three months but the focus for next week shifts to revenue potential from AI and tech leadership with Google and Tesla reporting earnings next Wednesday.

SPX just finished its strongest month since 2020 when Covid stimulus was still fueling markets, and buyers continue to show an insatiable appetite for risk despite several dark clouds on the horizon.

Regarding the US-Iran situation, the main news on Saturday was that Trump cancelled Special Envoy Steve Witkoff and Jared Kushner's trip to Pakistan for peace talks with Iran. That came after Iran’s Foreign Minister Araghchi departed Islamabad without meeting with the US. This means that stalemate continues, Strait of Hormuz remains shut, and this should keep oil prices supported.

Equities surged last week with the S&P 500 and Nasdaq breaking to fresh record highs. Is this news reaction overdone or is the bull market about to accelerate?

While some degree of skepticism remains around the ceasefire announcement into the weekend equity markets seem far more certain, as stocks have rallied in a big way despite oil prices staying elevated.

Markets took a proper hit on Friday, and we could see futures gap lower on Monday, barring a surprise de-escalation in the Iran conflict

Equities plunged last week with the S&P 500, Nasdaq, and the Dow closing at the lowest levels of the year. Key support levels will now define the next move.
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