Has the S&P500 hit a bottom? | MarketTalk: What’s up today? | Swissquote
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The week starts with an improved sentiment. The S&P500 just avoided to close in the bear market last Friday, but the index sank its teeth into the bear zone for the first time since the pandemic selloff, and fell for the seventh straight week, for the first time since 2001. US futures are in the positive this Monday, as some investors see opportunity in the actual market dip. But the trading conditions will likely remain choppy, and gains may remain short lived. In the medium run, there is a stronger case building for a further retreat in the S&P500 stocks.
Nvidia and Alibaba will certainly be under the spotlight!
Investors now eye a return to the 3500/3600 range, according to the latest Bloomberg survey. In commodities, gold and oil are higher on Monday, as the US dollar is softer across the board. On the individual stock front, Didi shareholders ill certainly vote to quite the NYSE, and among companies that will report earnings this week, Nvidia and Alibaba will certainly be under the spotlight!
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Watch the full episode to find out more!
- 0:00 Intro
- 0:23 Market update
- 1:45 FOMC preview
- 2:43 Crude oil up and
- 4:14 … oil stocks are upbeat
- 5:48 Gold clears 200-dma resistance
- 6:48 Week Ahead: RBNZ decision, flash PMI data
- 8:25 Didi wants to quit the NYSE
- 8:48 Alibaba, Nvidia earnings in focus
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Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.
