Market lets steam out. S&P 500 forecast as of 16.08.2023

Lowered expectations for corporate profits confused the S&P 500 buyers. The stock index outperformed them, which attracted new buyers. However, in reality, investors were wishful thinking. Let us discuss the Forex outlook and make up an S&P 500 trading plan.

Weekly S&P 500 fundamental forecast

Good economic news turns bad for financial markets again. S&P 500 continued falling after the publication of retail sales data. An increase of 0.7% on a monthly basis indicates that the US economy remains strong. If so, the Fed can either continue hiking rates or keep them unchanged at least until June 2024. In this… Read full author’s opinion and review in blog of #LiteFinance