S&P 500 Technical Analysis - The growth scare continues to fade ...Middle East

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S&P 500 Technical Analysis - The growth scare continues to fade
Fundamental OverviewThe S&P 500 bounced strongly from the lows last week following the good US Jobless Claims figures as the data quelled some of the fears around the labour market after the weak US NFP report. That’s been also evident from the market pricing for rate cuts as expectations for a 50 bps cut in September kept on being pared back with now a 25 bps move seen as more likely. Moreover, the Japanese markets shouldn’t be a problem anymore given that the Japanese officials made it pretty clear that they won’t proceed with more tightening given the recent volatility in the markets. All of the above contributed to a more positive risk sentiment in the market with the focus now on the US

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