U.S. stock futures remain positive..for now

04.09.2019 / 08:43

Rating:

SPX H4

The futures of the S&P 500 are up about 0.6% today, with shares showing calm before the start of the European session. But just like the volatile risk sentiment lately, can this optimism persist until the end of the day?

After weak data from the US yesterday, it's hard to imagine that investors have neglected all this and started making new purchases, given where the US economy is headed - not to forget the China deal.

But as always, there is still hope.

Fed Bullard's comments on 50 basis points lowering interest rates give light at the end of the tunnel to market participants.

However, the closer investors are to realizing why central banks cut interest rates, the greater the chance of seeing a peak in the markets and the bigger picture.

For now, the signals are still pointing to a pretty acceptable downside demand - buy the dip. Let's see how long this can last in this economic / trade war combination.

Trader Aleksandar Kumanov

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U.S. stock futures remain positive..for now

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