Powered by Smartsupp

📢 Outlook for April 25, 2024

The negative market sentiment RiskOff has been in place for 15 days. Even the market’s attempts to break out of the first half of the week, when market reactions in the style of “goodnewsisbadnews” (US PMIs and other macro data) took care of the slight improvement, did not change anything. Further escalation in the Middle East and yesterday’s META results (and outlook) did not please and dragged the RiskOff convincingly.

The first big macro data of the week will come today at 2:30 PM CET (8:30 AM EST) when we receive preliminary US GDP – we are curious to see how the market, which is set up to reverse the perception of macro data, will read this data. Then after the US market closes, the Q1 MSFT and GOOG results will come out, which may have a bigger impact on the market than the GDP. What is certain is that the market will be very strict in its assessment, as we saw with the META results.

Have fun!

Other articles

Sentiment update for May 2, 2024

Sentiment update for May 2, 2024

It has been about 22 days since the long RiskOn market sentiment break. The market has switched to negative RiskOff sentiment that has been lacking balls (weak negative sentiment) since it started. We can conclude that the market has been pretty much digesting further...

Event of the week: FOMC meeting

Event of the week: FOMC meeting

Today we'll be witnessing the long-awaited and highly anticipated FOMC meeting. Fed Chair Jerome Powell faces a precarious balancing act in managing dovish and hawkish pressures. As we say at moodix, he must "satisfy the dove with the hawk at his neck". If you follow...

Quick market overview (April 29 to May 3) – state: Neutral

Quick market overview (April 29 to May 3) – state: Neutral

Market sentiment: Neutral 1 day Recap of the past week: Recap of the past week: We've seen a week of BIG TECH results and the first estimate of US GDP Q1 with mixed market reactions. META "disappointed", while Google and Microsoft pleased. US GDP disappointed, but the...

Sentiment development for the week of April 22 to April 26

Sentiment development for the week of April 22 to April 26

As we look at the current developments in market sentiment, we all ask ourselves: Is the correction over? Today's PMI developments in the largest economies have given us a glimpse into the sentiments of purchasing managers. This view did not present a very pretty...

Quick market overview (April 22 to April 26) – state: RiskOff

Quick market overview (April 22 to April 26) – state: RiskOff

Market sentiment: RiskOff - 11 days Recap of the past week: The ending week was full of geopolitics, marked mainly with the anticipation of Israel's retaliation for last Sunday's massive attack. That came on Thursday and was more of a demonstration of how deeply into...

Quick market overview (April 15 to April 19) – state: RiskOff

Quick market overview (April 15 to April 19) – state: RiskOff

Market sentiment: RiskOff - 3 days Recap of the past week: The past and very important week brought quite a big disappointment from the US CPI numbers. Unfortunately, inflation continued its upward trend, increasing by 0.1% MoM and YoY to 3.5% from 3.2%. The data was...

Quick Market Overview (April 8 To April 12) – State: RiskOn

Quick Market Overview (April 8 To April 12) – State: RiskOn

Market sentiment: RiskOn 42 days Recap of the past week: We´ve seen a week marked by crucial US labor market data and comments from Federal Reserve bankers. The labor market once again surprised with its strength, raising new questions about how the Fed will react to...

Quick Market Overview (April 1 To April 5) – State: RiskOn

Quick Market Overview (April 1 To April 5) – State: RiskOn

Market sentiment: RiskOn - 35 days Recap of the past week: As expected, the Easter week did not bring major changes to the market. It is worth mentioning the next US GDP recalculation, which brought another improvement and we can already look forward to the first...

Quick Market Overview (March 25 To March 29) – State: RiskOn

Quick Market Overview (March 25 To March 29) – State: RiskOn

Market sentiment: RiskOn 28 days Recap of the past week: The past week was marked by the Federal Reserve's interest rates decision and Jerome Powell's subsequent press conference. As expected, the Fed did not change the rates. However, it was the following press...

Quick Market Overview (March 18 To March 22) – State: RiskOn

Quick Market Overview (March 18 To March 22) – State: RiskOn

Market sentiment: RiskOn 21 days Recap of the past week: The week marked by yet another inflation disappointment is behind us. The highly anticipated figures for February were a disappointment again. Whether it's the US CPI or the US PPI. One cannot say that inflation...