With the summer now over, the market is turning the page to the economic events leading up to year-end. One of those key events will be the Fed meeting in September. As a result, the S&P 500 is beginning to show signs of fading momentum on the long-term charts. If you recall, the S&P surged following the Fed’s June meeting whereby Janet Yellen and the FOMC held off hiking interest rates. As expectations build for a possible September or December rate hike, it’s likely we’ll see an increase in volatility.
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