Fed pause? Why the stock market may suffer a classic 'sell the news' response.

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.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Why is inflation cooling — and why isn't it coming down more | CNN BusinessAhead of May’s closely watched Consumer Price Index, set to be released Tuesday morning, economists are expecting yet another month of smaller price increases.
Sumber: CNN - 🏆 4. / 95 Baca lebih lajut »

Asian stocks rise on Fed pause bets, Japanese shares at 33-year highs By Investing.com⚠️BREAKING: *ASIA STOCKS RISE ON FED PAUSE BETS, JAPAN'S NIKKEI JUMPS TO ANOTHER 33-YEAR HIGH 🇯🇵🇦🇺🇨🇳🇭🇰🇰🇷🇮🇩🇮🇳
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »

U.S. stocks extend rally; investors bet Fed will pause rate hikesU.S. stocks rallied on Monday, putting the S&P 500 within striking distance of its highest close since April 2022, and Oracle hit a record high ahead of quarterly results as investors awaited inflation data and the Federal Reserve's interest rate decision this week.
Sumber: Reuters - 🏆 2. / 97 Baca lebih lajut »