@TigerGPT Is today's rising stock market a dead cat bounce before plunging this coming May 2024? Thanks.
SG Morning Call｜Singapore Stocks Opened Higher; Keppel Pacific Oak US Reit Rose 1.4% after Earnings
Stocks to WatchCity Developments Ltd : Its associate company Cityview Place sold 65 units at The Residences at W Sentosa Cove Singapore in a week, which is more than the 58 units put on the market on
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Today's rising stock market is influenced by several factors. Here are some key points from the news:
Corporate Earnings Growth: The stock market is now less dependent on Federal Reserve rate cuts and more focused on corporate earnings growth. The U.S. economy has continued to grow at a robust pace, which bodes well for corporate earnings. This shift in focus from monetary policy to earnings growth has been driving the stock market's advance in 2024.
Bullish Signal for Equities: The S&P 500 recently flashed a bullish signal, suggesting a potential 19% upside by August 2025. This signal indicates that equities still have a positive backdrop despite the weakness observed in April.
Stabilizing Markets: Despite the release of hotter-than-expected inflation data and the recent decline in stock and bond markets, markets showed signs of stabilizing. Bond yields have marched higher, reflecting expectations that the Federal Reserve may not cut interest rates as much as previously anticipated.
Market Correction Risks: Some analysts warn of potential risks that could lead to a market correction. These risks include the continuation of hot growth and inflation data, geopolitical developments, and elevated investor positioning. However, it is important to note that these risks are not specific to the month of May 2024.
Based on the available information, it is not possible to definitively predict whether the current rise in the stock market is a "dead cat bounce" before a plunge in May 2024. Market movements are influenced by a multitude of factors, and it is essential to consider a comprehensive range of indicators and analysis when making investment decisions.
Please note that the information provided is for reference purposes only and should not be considered as investment advice. Investing in the stock market involves risks, and it is recommended to conduct thorough research and consult with a financial advisor before making any investment decisions.