U.S. Indices Equity markets rebounded after a torrid week when investors questioned whether central banks have the tools to shore up the global economy. Federal Reserve Chair Janet Yellen in a second day of testimony said the Fed was assessing the impact of the swings in the markets on the … More Global Stock’s rout . .
The Fed chair said the policy-making Federal Open Market Committee continues to see the next move in interest rates as up, rather than down. “I do not expect the FOMC is going to be soon in a situation where it’s necessary to cut rates,” she said.She reiterated the Fed’s intention to raise rates gradually, … More Delaying rate rises, but not abandoned ..
S&P 500 Technical Strategy: Flat, bull-flag opens door for long-continuation setups Should downward trend continue through support, this bias can turn bearish very quickly. As markets continue to price-in a December rate hike from the Fed, watch for weaknesses in risk-trends, such as the SPX500. Alternatively, the up-side here is the most attractive given … More S&P 500 Technical Outlook: The Bull Flag is Setting the Stage