The U.S. stock-market rally is on an “unsustainable” near-term trajectory, leaving it vulnerable to a pullback Wednesday if the Federal Reserve, as expected, holds interest rates steady, a top Wall Street technician warned.
“Markets are on a torrid pace this week in anticipation of a Fed pause today. We suspect it to be a classic sell the news event, as the trajectory has become near‐term unsustainable,” said Jeff deGraaf, chairman and head of technical research at Renaissance Macro Research, in a Wednesday morning note.
Fed-funds futures traders have priced in a roughly 60% chance of another 25 basis point rate increase in July, according to the CME FedWatch tool.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »