- Home
- >
- Fundamental Analysis
- >
- Futures trading suggests the record-setting U.S. equity rally may be running on empty
Futures trading suggests the record-setting U.S. equity rally may be running on empty
Rating:
Loading...E-mini contracts on the S&P 500 Index are falling for a fifth day after a two- session pullback in the underlying gauge. That’s the longest run of declines in the futures since just before the presidential election, when Donald Trump’s victory unleashed a stock-buying spree that drove U.S. markets to all-time highs. Volumes are also picking up, with the most e-mini contracts changing hands this year on March 1.
The retreat, which marks a drop of 1.7 percent from the futures’ 2017 peak, comes as investors brace for a daunting run of potential catalysts, with Thursday’s European Central Bank meeting, U.S. payrolls a day later and then the Federal Reserve’s policy review. China also provides an update on price growth this Thursday.
While fundamentals don’t support a concerted correction, traders may use the Fed’s anticipated rate hike this month as an excuse to cash in profits
Many investors and analysts think, that this decline in indices and stocks is more of a correction, rather than an end of the rally.
Bloomberg
Varchev Traders Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
