We expect the S&P 500 correction in the near future
Before today's publication of the previous Fed meeting minutes, the futures price on the broad stock index S&P500 consolidates around important level of 2050 after has broken the border of the rising channel. It is worth noting that, after strong growth on the US market, and given the expectation of weak corporate reporting season in the US, where the profits of companies included in the S&P500 index may fall for the 4th consecutive quarter, we expect drop of price in the near future, with the potential of reaching the marks 1980, 1950 and 1915.
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