Fundamental OverviewLast Friday, Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium as he basically kept the door open for a 50 bps cut at the September meeting. The line saying that they will do everything they can to support a strong labour market was key. Despite this, the S&P 500 failed to rally sustainably. The culprit could be related to something that we’ve already seen in the first week of July. In fact, the Russell 2000 extended the gains into new highs outperforming the major indexes, which suggests that the lack of follow through from the S&P 500 could be related to rotation.S&P 500 Technical Analysis – Daily TimeframeOn the daily chart, we
Hence then, the article about s p 500 technical analysis rotation weighs on the market was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( S&P 500 Technical Analysis – Rotation weighs on the market )