Market momentum continues
S&P 500 Technicals: Momentum continues to trade on the upward trend and is expecting to retest 4,180. Index could trade higher if 4,180 key resistance is broken.
Softening PCE Data: The US Federal Reserve's preferred inflation indicator, the Personal Consumption Expenditures (PCE) data, has shown signs of softening. As a result, the market is increasingly anticipating that the Fed's rate hike cycle could peak relatively soon. This could present opportunities in interest-sensitive sectors such REITs.
1st Earnings Reporting since China Reopen: Stocks with exposure in China, HK and Asian markets, could potentially see a boost, given that this will be the first quarter following China's unexpected reopening earlier this year.
Please be advised that global markets will be shortened for Good Friday.
Headlines for Week Ahead:
US Job Opening, US NFP, US ISM Mfg, China PMI, SG PMI, SG Retail Sales, Shortened Trading Week.