Tag: s&p 500

It only took couple of weeks to see the tables turn completely. While only few weeks ago we saw panic spreading around the Evergrande problems, which was compared to Lehman Brothers, it only took a bit of time to see indices looking at their respective ATH again.

Equities staged an impressive rally yesterday. Will the trend continue today?

The Evergrande case is not being mentioned as frequently in the media as a few weeks ago, however, this does not mean that its impact is over. Quite the contrary. In China, the domino effect is slowly gaining up momentum and other large companies are experiencing their fair share of problems as well.

In today's analysis, we will look at two of the most prominent world indices that determine the trend, namely the S&P500 and NASDAQ.

Due to the Evergrand case, we did not start off on a right foot this week. This Chinese giant has got the market into an uneasy situation, to say the least. That is because on Monday, it was stated that Evergrande did not have the capital to continue paying its liabilities in the amount of $ 310 billion.

Yesterday the S&P 500 rose to the level that is double of Covid-19 low of 23rd of March. To reach that level, S&P 500 only needed 354 trading days which is the fastest growing recovery of major index in the history.

Will the dollar growth index help the S&P500? Today, we look at technical analysis of the DXY dollar index and the S&P500.

Today we will use this analysis to look at DXY/ the dollar index and then quickly skim over main indexes such as S&P 500 and Dow Jones.

An insider in the financial market is a person who is associated with a particular company. Mostly it is the top management (CEO, CFO, Director ..). It can also be a person or a company with at least a 10% stake in the company.