top of page

Market Outlook 6/18/2024

Updated: Jun 19

1. **Overbought Signals**: Technical indicators suggest that stocks, particularly in the technology sector, are overbought, which may lead to a pullback.

2. **Lack of Near-Term Catalysts**: With recent events like the NVDA split, Apple WWDC, and the Federal Open Market Committee (FOMC) meeting behind us, there may not be significant catalysts to drive stocks higher in the near term.

3. **Mixed Economic Data**: While inflation appears to be moderating, mixed signals on the strength of the labor market and other economic areas have made it difficult for investors to gauge when the Federal Reserve might begin to cut short-term interest rates.

These factors suggest a cautious approach to the market in the short term. Keep an eye on upcoming key events like the Retail Sales Data on June 18, Housing Starts on June 20, and the Personal Consumption Expenditures (PCE) Report on June 28, as they might provide further insights into market directions.

9 views0 comments

Recent Posts

See All

Trade Ideas

To provide you with some trade ideas for today, I'll look into the following areas: 1. **Top Unusual Darkflow Stocks**: Identifying stocks with unusual trading activity can be a good indicator of pote

Market Performance 6/24/2024

Today's market performance showed mixed results across major indices: - **S&P 500:** Closed at 5,447.87, down by 16.75 points or approximately -0.31%. - **Dow 30:** Ended the day at 39,411.21, up by 2


Rated 0 out of 5 stars.
No ratings yet

Add a rating
bottom of page