Head Topics

S&P 500 chart analysis shows pullback is likely and investors should hedge

  • 📰 CNBC
  • ⏱ Reading Time:
  • 3 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

Todd Gordon is working on some market hedges after running Fibonacci analysis on the S&P 500.

The S & P 500 is under pressure in the first few trading sessions of the second quarter as economic data continues to be strong and inflationary pressures remain elevated. As a result, the Fed might not be able to deliver on rate reductions currently priced into the market. Is this fundamental backdrop the whole reason for stock market weakness? I think there's more to the story and the charts reveal what's really going on.

Click here for the full disclaimer.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

An even better way to play a potential small-cap stock breakout, according to the chartsChart analyst Todd Gordon breaks down the best plays in small caps.
Source: CNBC - 🏆 12. / 72 Read more »

This Shiba Inu Metric Explodes by 500% Amid a SHIB Price Rally: DetailsCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

HSBC Lifts Year-End Target for S&P 500 to 5,400 on Soft-Landing HopesHSBC Monday raised its year-end target for the benchmark S&P 500 to 5,400 from its prior forecast of 5,000, assuming a soft-landing for the U.S. economy and implying about 3% upside to the current levels.
Source: NEWSMAX - 🏆 16. / 71 Read more »

​​​DAX 40, S&P 500 Trade Close to Record Highs while FTSE 100 nears 8,000 Mark​​Outlook on FTSE 100, DAX 40 and S&P 500 amid FOMC and MPC member speeches.
Source: DailyFX - 🏆 305. / 63 Read more »

These 5 stocks are beating the S&P 500 — and analysts expect them to rise even furtherCNBC Pro screened the S&P 500 and the Vanguard FTSE All-World ex-US ETF for stocks that are beating the market so far this year — and that analysts love.
Source: CNBC - 🏆 12. / 72 Read more »

Get Geared Up for the Daytona 500 to Kick Off the 2024 NASCAR SeasonKick off the 2024 NASCAR season at Daytona with this collection of officially licensed NASCAR gear to ensure you're kitted out, trackside or couch-side.
Source: AutoweekUSA - 🏆 229. / 63 Read more »