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S&P 500 & FTSE 100 Forecasts for the Week Ahead


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S&P 500, FTSE 100 Evaluation and Information

  • S&P 500 | One other Week, One other Document Excessive
  • FTSE 100 |UK Banks Struck Down, UK-EU Tensions Lurking

S&P 500 | One other Week, One other Document Excessive

One other week, one other document excessive for the S&P 500, which now hovers round 4700. Speculative urge for food stays sturdy, you solely have to take a look at Tesla shares, up one other 8% this week. In the meantime, the Nasdaq 100 is heading in the right direction for the longest each day win streak since December 2020 at 10 days and now essentially the most overbought since August 2020. The newest transfer on the upside catalysed by this week’s dovish central financial institution exercise.

  • RBA scrapped yield curve management as anticipated, nevertheless, pushed again towards fee hike hypothesis, continues to stay with 2024 liftoff
  • Fed annonuces a well-telegraphed taper, reiterating that inflation is basically transitory
  • BoE with the shock of the week, by not elevating charges in a 7-2 vote cut up

Waiting for subsequent week, will probably be extra of the identical, though, judging by the 20yr seasonal development, equities start to tail off halfway by November. And whereas I’m conscious that very like 2020, this yr, will not be precisely your common yr, the seasonal playbook labored very effectively throughout the late Sep-Early Oct pullback. On the financial calendar, the principle spotlight can be on inflation and given the Federal Reserve’s flexibility on tapering, a notable upside shock on the headline fee has the chance to wobble threat urge for food.

S&P 500 vs 20YR Development

S&P 500 & FTSE 100 Forecasts for the Week Ahead

Supply: Refinitiv

FTSE 100 | UK Banks Struck Down, UK-EU Tensions Lurking

Sadly for UK Banks, the Unreliable Boyfriend curse on the Financial institution of England strikes once more. This comes after the Bailey and Co. defied market expectations are saved rates of interest on maintain, regardless of fuelling the rise in fee hike bets within the run as much as the assembly. Nevertheless, with the climbing now trying quite a bit much less aggressive publish assembly, this can seemingly see strain stay on UK Banks.

UK Financial institution Index vs UK 3-Month In a single day Index Swaps

S&P 500 & FTSE 100 Forecasts for the Week Ahead

Supply: Refinitiv

Elsewhere, tensions between the UK and EU proceed to linger, significantly because the UK counsel that triggering Article 16 is on the desk. That is in relation to the Northern Eire protocol in avoiding a tough border with Eire as a part of the Brexit settlement. By way of Article 16, this permits anybody aspect to take steps or in different phrases safeguards if the protocol upsets the the stability of commerce or brings about severe financial difficulties. Whereas the UK have highlighted that situations have been met to set off Article 16, they’ve kept away from doing so to this point. That stated, whereas there may be little on the docket moreover GDP, headlines over UK/EU tensions can be carefully watched as a breakdown in talks is probably going cap upside for the FTSE 100. On the technical entrance, close to time period assist resides at 7200-20.

FTSE 100 Worth Chart: Every day Time Body

S&P 500 & FTSE 100 Forecasts for the Week Ahead

Supply: Refinitiv

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