Looks like S&P500 bulls, but expect that it will only go so far.
Unemployment rate has gone up 2%.
NFP higher than expected but lower than previous.
But, inflation still on the rise. Fed is poised to hold their stand, continue hiking interest rates albeit at a slower pace.
Interest rates hikes are possibly priced in by now - with the Fed having made a clear stance for interest rate to be within the range of 4-5%.
We have just hit the lower end of the range at 4%, and will probably be little to low impact from now for anything under 5%.
Expect chaos if interest rates go above 5%. If otherwise, market will probably continue the bulls until a new catalyst hits.
Will we see a correction to key price levels before resuming the higher timeframe trend?
Unemployment rate has gone up 2%.
NFP higher than expected but lower than previous.
But, inflation still on the rise. Fed is poised to hold their stand, continue hiking interest rates albeit at a slower pace.
Interest rates hikes are possibly priced in by now - with the Fed having made a clear stance for interest rate to be within the range of 4-5%.
We have just hit the lower end of the range at 4%, and will probably be little to low impact from now for anything under 5%.
Expect chaos if interest rates go above 5%. If otherwise, market will probably continue the bulls until a new catalyst hits.
Will we see a correction to key price levels before resuming the higher timeframe trend?