Central Bank Meetings Begin, Geopolitical Instability, Corporate News
Latest stock market news
• The US stock market was hit by a wave of sales again. And once again the "Magic Seven" was in the lead. Only XLV, XLF and XLE were neutral. The last two are cyclical and their stability suggests that they are not playing for a recession yet. The sales of XLP also indicate this.This evening, investors hope to hear encouraging words from Powell. The "Fed Put" still lives in the hearts of investors. The "Trump Put" died earlier. We are waiting for a reaction to the Fed Chairman's speech today. A stop to QT (quantitative tightening with a reduction in the Fed...