Weekly Markets Outlook

Weekly Market Outlook: 8 April 2024

Last week marked a critical juncture for US markets as the S&P 500 broke below its upward trendline support, suggesting the possibility of sideways or downward trends in the medium term. Short-term traders in the US market are anticipated to exercise caution, while long-term investors will be seeking opportunities to take profits and adjust their positions.

Companies exposed to oil or gold may attract investing interest as commodity prices surged during the week.

Looking ahead to the coming week, investors will closely observe the market's response to Tesla's Robotaxi initiative, speculating whether this technology will spark a surge in research and development and production of AI-driven transportation.

Furthermore, investors will keep an eye on the US Federal Reserve minutes to gauge the level of confidence in potential rate cuts despite the resilient jobs report.

Headlines for the week:

- Corp Earnings (JPM, WFC, BLK, C)

- US FOMC minutes, US CPI

- China CPI

- SG MAS Announcement, Adv GDP 1Q24, shortened trading week

Disclaimers apply

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