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S&P 500 weekly outlook: CPI, US-Iran Situation and Yields in focus

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.

Fawad Razaqzada
Fawad Razaqzada

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