TipdOff

Beginning of next market rally?

FX:SPX500   S&P 500 index of US listed shares
257 2 3
Wall Street has posted the sharpest rally in a month today. Looking at this 6 month chart, large up days following dips in the market, have been the bottom for the most recent 5 market rallies. If the pattern repeats, we could see the SP             500 regain 2100 levels next week.
what if FED is gonna announce first interest rate hike?
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TipdOff zhou.zhaofan
Yes, it's obviously a concern, but that's in part what last week's selloff was all about - investors fearing a rate hike. Today's selloff seems to be about oil oversupply and a strengthening dollar. Goldman Sachs slashed euro forecasts, sees new low of $0.80 by end of 2017.
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