Financial markets remain extremely risk-off
On the day of the implementation of the second part of the tariffs announced by Trump on Wednesday, financial markets remain in an extreme risk-off situation, with all three main asset classes (equities, bonds, commodities) tilted to the downside. On a day with no major macroeconomic cues, everyone will be looking to the White House for its next moves.
We said it yesterday, we say it again today. The risk-off sentiment in financial markets continues to intensify and all three major asset classes are now tilted to the downside. The bond rally is also fading and the overall index we track is falling below its 50-day average. In commodities, a fresh bearish cross between the 50-day and 200-day averages is a bearish sign. In equities, there is no sign of a bottom being reached and the hypothesis of an arrival in the 4800s for the S&P500 remains open.
On the macroeconomic front, there does not seem to be any data that could influence the day’s trend. In the evening, the minutes of the last FED meeting will be released, but it is unlikely that they will provide any “updated” information on the central bank’s next moves.
Our forecast analysis also points to a negative day for the financial markets today. Negative for all assets, from equities to bonds and commodities. Volatility is still seen as very high, especially in equities. Bond yields seen on the rise, dollar and gold still weak.
Already a subscriber? Login here
NOTES AND WARNINGS
Data compiled by kbmeter.com. Analysis date: 9 April 2025 - 7:33 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.
