S&P 500 Stuck Below 4195 YTD High, Will Turn Lower, Warns Credit Suisse!
Economists at Credit Suisse recently discussed the potential outlook of the S&P 500 index, stating that they expect the index to experience a downward trend. According to their analysis, the S&P 500 has repeatedly failed to break through key resistance levels at the 4195 year-to-date (YTD) high, with daily Relative Strength Index (RSI) and Moving […]
“Oil Prices Plummet, Marking Monthly Loss: Economic Impact Forecasted”
Oil futures dropped on Wednesday, with front-month prices for the U.S. benchmark turning lower for the month due to concerns over weaker demand. Market analysts suggest that prices appear set to retest recent lows, and it likely won’t be long before OPEC and its allies consider fresh output reductions if demand continues to weaken. June […]