How long will the rally continue?
What to watch to answer this question.
7 October Fed Critical Datapoints
Non Farm Payrolls and Unemployment Numbers
If more people are finding jobs and and unemployment is going down it will indicate a strong economy, which will lead to the Fed continuing rate hikes, which will put downward pressure on the S&P 500.
If more people are struggling to find jobs and unemployment rises we can assume that the economy is slower and the Fed might likely pivot and ease rate hikes, which will put upward pressure on the S&P 500 and cause a further upward rally.
Mid October. (Earnings Season)
Earnings are set to release, middle October, my prediction is earning will be weaker than expected and might lead to a continuation of the Bear Market we are in. If earning are flat or higher than expected, then we can see a further upward rally in the S&P500.
Goodluck.
Follow me for more.
What to watch to answer this question.
7 October Fed Critical Datapoints
Non Farm Payrolls and Unemployment Numbers
If more people are finding jobs and and unemployment is going down it will indicate a strong economy, which will lead to the Fed continuing rate hikes, which will put downward pressure on the S&P 500.
If more people are struggling to find jobs and unemployment rises we can assume that the economy is slower and the Fed might likely pivot and ease rate hikes, which will put upward pressure on the S&P 500 and cause a further upward rally.
Mid October. (Earnings Season)
Earnings are set to release, middle October, my prediction is earning will be weaker than expected and might lead to a continuation of the Bear Market we are in. If earning are flat or higher than expected, then we can see a further upward rally in the S&P500.
Goodluck.
Follow me for more.
Comment:
I called it, where is the love?
