US stocks gained five days in a row amid hopes for an end to hikes
Last week, the US stock market rose for five consecutive days, with the S&P 500 up almost 6%. Institutions predict that the overall net profit of S&P 500 components will increase by 3.6% in Q3. Friday's jobs report showed an unemployment rate rise to 3.9%, indicating a softening labor market and a soft landing for the US economy. Therefore, the Federal Reserve is unlikely to raise interest rates.
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We know that the economy has its own cycles, just like the stock market will rise and fall periodically. Merrill Lynch's investment clock may be a good strategy to help you develop a better trading plan. Why analyzing crude oil may be important? What factors can impact crude oil prices? >> What is Merrill Lynch's Investment Clock?
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bigblindjon : Good information to know, thanks!