S&P 500 outlook and the US interest rate decision

Bank of America expects the S&P 500 has peaked for 2024, and the market awaits the interest rate decision and Powell's press conference.

By the SpyStocks desk · 2y ago · 1 min read

▶️ An interesting data point that just reached us: ▶️

⏺Bank of America expects the S&P 500 has peaked for 2024. 📈

🟢🔴🟢🟢🔴🟢🟢🟢🔴🟢🟢🟢🟢

⏺And what do you think? 👀/👀

A reminder - 🔜 Today at 21:00 (Israel time) is the US interest rate decision. 🎢

⏺The market expects interest rates to remain unchanged. 👀

⏺Most importantly - at 21:30 Israel time: the press conference where Powell will speak, discuss important matters, and answer questions. 🎢

Tip - ✏️ Don't let high volatility and boredom lead you to invent opportunities where none exist.

• Don't use trading to fill an emotional void - only work with a strategy you can explain to yourself! 📌

⏺Ready? 🎡

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