Global stocks sold off sharply on Monday as investors rushed into safe-haven assets, driven by growing concerns over U.S. President Donald Trump’s tariffs. The market reaction is forcing Wall Street analysts to dial back their bullish outlook on U.S. equities.
Despite the market turmoil, Trump and his team downplayed fears of inflation and recession, remaining confident that strong economic growth lies ahead.
In response, China’s policymakers met over the weekend to discuss potential steps to support the economy, including speeding up planned stimulus measures, according to sources.
Meanwhile, traders are now expecting the Federal Reserve to cut interest rates this year, with some even betting on an emergency rate cut before the Fed’s next scheduled meeting, as recession fears mount.
Oil prices dropped for a third day, with Saudi Arabia cutting the price of its main crude grade by the most in over two years, adding to the bearish sentiment.
Key Support and Resistance Levels
Resistance Level 1: 5273
Resistance Level 2: 5379
Resistance Level 3: 5510
Support Level 1: 4815
Support Level 2: 4700
Support Level 3: 4585
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Despite the market turmoil, Trump and his team downplayed fears of inflation and recession, remaining confident that strong economic growth lies ahead.
In response, China’s policymakers met over the weekend to discuss potential steps to support the economy, including speeding up planned stimulus measures, according to sources.
Meanwhile, traders are now expecting the Federal Reserve to cut interest rates this year, with some even betting on an emergency rate cut before the Fed’s next scheduled meeting, as recession fears mount.
Oil prices dropped for a third day, with Saudi Arabia cutting the price of its main crude grade by the most in over two years, adding to the bearish sentiment.
Key Support and Resistance Levels
Resistance Level 1: 5273
Resistance Level 2: 5379
Resistance Level 3: 5510
Support Level 1: 4815
Support Level 2: 4700
Support Level 3: 4585
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.