Another complicated day for financial markets
The very difficult phase for equities continues, the trade war issue continues to dominate the markets and, in the absence of relevant macroeconomic data, pessimistic expectations take over. In this scenario, gold is gaining strength, while bonds are in a wait-and-see mode.
Our intermarket dashboards continue to signal a risk-off phase in the markets. Gold continues to strengthen against both the Dow and the dollar. The slowdown in the ratio of the S&P500 to the Nasdaq confirms that the sell-off is spreading to all US indices. There is little news for commodities and bonds, while the situation of the S&P500, in the midst of a correction phase, continues to be closely monitored, the 5600 zone seems to be struggling to contain the downward movement of the index, the potential target of this phase could be the lows of mid-2024.
On the macroeconomic front, today will offer few insights. Of interest will be data on the UK economy in early 2025 and the US consumer confidence survey from the University of Michigan.
Our forecast analysis continues to point to an uncertain period, with many negative signals for equities (many anomalies and highly charged indicators) and a wait-and-see phase for bonds. Metals (precious and non-precious) are doing well, while there are no buying signals today for currencies and cryptocurrencies. Volatility is expected to remain stable or increase slightly.
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NOTES AND WARNINGS
Data compiled by kbmeter.com. Analysis date: 14 March 2025 - 7:20 AM GMT+1
This content is provided for informational purposes only and should not be considered financial advice. All scores and assessments are based on the previous trading day’s closing prices. Futures indications refer to the date and time of the analysis.
