Chris Larkin, managing director of trading and investing at Morgan Stanley E*TRADE, said the S&P 500's breakout from a nearly two-month trading range leaves it facing inflation and geopolitical tests this week. The employment report may have eased worries about a Federal Reserve rate hike next month, but if cooling in this week's inflation data falls short, those worries could build again.
According to BlockBeats, on August 11, Chris Larkin, managing director of trading and investing at Morgan Stanley E*TRADE, said the S&P 500 has broken out of its nearly two-month trading range. The index now faces possible tests this week from inflation and geopolitical headlines. The employment report may have eased concerns about a Federal Reserve rate hike next month, but if this week's inflation data shows less cooling than expected, those concerns could intensify again.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
