S&P 500 Technical Outlook

S&P 500 Technical Outlook

S&P 500 E-Mini (ESZ24): Current Price: 5,889 (source: CME 10/23/2024 11:27am EET) Momentum: The Relative Strength Index (RSI) is at 61.49%, indicating neutral to slightly bullish momentum. The 20-day MACD is positive at 58.48, supporting continued upward momentum....
Eurozone Economy: Wages, Inflation and Growth

Eurozone Economy: Wages, Inflation and Growth

While the Eurozone Q2 GDP was revised down to -0.2% quarter-on-quarter, there are a few signals that things might be looking up in certain areas. Let’s break it down. Industrial Production: A Bright Spot The standout here is Eurozone industrial production, which...
Market Pulse: Recap & Outlook – October 7th, 2024

Market Pulse: Recap & Outlook – October 7th, 2024

U.S. Market Overview Recap of Last Week: The U.S. economy posted another strong performance in September with a 254k jump in nonfarm payrolls and unemployment falling to 4.1%. This robust labor data prompted a market recalibration, reducing expectations for aggressive...