Dow Jones and SP500 for the seventh consecutive month of growth

Dow Jones and SP500 recorded the fourth consecutive month of growth, with 4.3% for Dow Jones and 2.2% for SP500 respectively.

According to Frank Capperli SP500, the month ends in much better shape than investors expected. Statistics show that this month is traditionally quite turbulent. According to Standard and Poors's, over half of the stock growth is due to these five companies: Facebook, Amazon, Apple, Alphabet and Microsoft. All of them, with the exception of Apple, achieved record financial results in Q3 of the year. The good financial reports of the technology giants have helped the Nasdaq gain 3.6% this month.

Today, the Fed has begun, and tomorrow at 8:00 pm we expect the bank's decision on the basic interest rate. The Fed's probability of making a change in its monetary policy is minimal, but investors will continue to seek information about whether the Fed will advance in December and how much. Given this, we expect investor prudence, not excluding the possibility of a slight adjustment of the indices. We expect a stronger reflection on USD. If Yellen gave signals that FED is considering neglecting low inflation, by raising interest rates, we expect a strong rise in the dollar. If Yellen gets more in the words and reoccurs worries about low inflation, we expect a decline in USD, but in large numbers.

Source: Bloomberg Pro Terminal

Jr Trader Petar Milanov

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