The start of the new week brings no respite to the US stock market. Pre-session trading saw a sell-off of key technology stocks, including Alphabet (-2.6%), Tesla (-4.0%), Microsoft (-1.5%), Apple (-1.3%), Meta (-2.65%), Nvidia (-2.6%), and Amazon (-2.1%). Analysts are also beginning to revise their expectations for the S&P 500's growth this year. JP Morgan suggests that its earlier conservative forecast of 6,500 points may not materialize due to high volatility and uncertainty.
Forecasts for the year-end S&P 500 level among Wall Street strategists have ceased to rise, a rather negative sign from a historical perspective. Source: Bloomberg Finance LP,
From a technical standpoint, very weak signals are also observed. The US500 crossed below its 200-session average last week and is currently trading approximately 1.3% below it. On Friday, the 250-session average was also tested, currently at 5,670 points. A similar situation was last observed in October 2023, when the US500 fell by about 4% below the 200-session average and 2.5% below the 250-session average. In April 2022, a prolonged descent below these averages was seen, with the US500 remaining below these technical indicators for nearly a year.
The US500 has lost approximately 7.5% from its peaks in the second half of February and has fallen below 5,700 points. Source: xStation5
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Perdagangan Berjangka mengandung risiko kerugian. Materi ini hanya untuk tujuan informasi dan bukan merupakan nasihat investasi. Kinerja masa lalu tidak menjamin hasil di masa mendatang. Investasi memiliki risiko. Berinvestasilah dengan bijak. XTB Indonesia berizin dan diawasi oleh Bappebti, OJK dan BI.
