Consolidation to Continue Today China trade talks might be used to cheer the markets next week – but, till then nothing much to feed the bulls (barring some unexpected bullishness in the NFP release tomorrow). With the new highs established, economic news looking like non-events, investors appearing apathetic to geopolitical headlines, Fed seeming almost irrelevant (more…)
Note: Our daily “S&P 500 Outlook, Forecast, and Trading plan for Thursday, 05/02” will be posted around 8:30am EDT, Thursday. THE GIST (“THE WHAT”) The S&P 500 index pulled back from fresh new intraday highs to close sharply lower after the Federal Reserve Chairman Jerome Powell reiterated the central bank’s patient approach to monetary policy, further (more…)