S&P 500 Technical Analysis – The path of least resistance remains to the upside ...Middle East

Fundamental OverviewWe got some very good news last week as both the CPI and PPI came in on the softer side. This should support the stock market in the bigger picture as it will give the Fed more confidence to start cutting rates at some point in the last part of the year. The FOMC decision last week turned out to be a bit more hawkish than expected but Fed Chair Powell made it clear that their forecasts can change as they remain very data dependent, so the market looked past the Fed’s projections. The risk sentiment is still a bit murky, but it looks like the negative mood from the last week is starting to dissipate. We have the US Retail Sales data today where positive figures should give

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S&P 500 Technical Analysis – The path of least resistance remains to the upside ...Middle East

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