Some Expectations:
Low volume during the week due to Holiday season.
Nothing really on economic calendar this week at all + low volume = expectation of relatively flat movement.
No major headwinds so unlikely to see big correction this week, from a fundamental perspective.
Next real significant economic development will be the FOMC minutes on 3rd of Jan, and even that will probably send the dollar lower, pushing markets higher. So not expecting sustained correction in the very near term.
Likelihood is that any dips will be bought and market will remain around current levels for now. $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
Nothing really on economic calendar this week at all + low volume = expectation of relatively flat movement.
No major headwinds so unlikely to see big correction this week, from a fundamental perspective.
Next real significant economic development will be the FOMC minutes on 3rd of Jan, and even that will probably send the dollar lower, pushing markets higher. So not expecting sustained correction in the very near term.
Likelihood is that any dips will be bought and market will remain around current levels for now. $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
