- Fresh highs printed yesterday but weak retail sales appear to weigh on the Nasdaq 100 and S&P 500.
- S&P 500 on a run of 330 days since recording a loss of 2% making it the longest streak since February 2018.
- Nasdaq eyeing a key trendline break.
Fundamental Overview
US Indices continued their advance yesterday with the Nasdaq 100 hitting another all-time high.The Nasdaq 100 came within a whisker of the 20000 mark before losing some momentum ahead of the market open today. This was closely followed by the S&P 500 which hit a fresh high as well as the magnificent 7 continue to lead the way.
Investor sentiment seems to be largely positive at this stage with market participants having to adjust forecasts in what some are calling “one of the most resilient markets in history. Citigroup yesterday announced that it had raised its outlook for US equities to overweight from neutral. Goldman Sachs on the other hand upgraded their year…
