The Stock Market Flipped From Nervous to Complacent. Earnings and the Fed Meeting Are a Major Test.
Market Intelligence Analysis
AI-PoweredThe stock market has shown resilience with the Nasdaq Composite rallying 1% despite the Dow's decline, indicating a complacent market sentiment. Traders are optimistic about buying dips, setting the stage for a potential test with upcoming earnings and the Fed meeting. Market volatility is expected to increase with these key events.
Market impact analysis based on bullish sentiment with 80% confidence.
Article Context
The Nasdaq Composite rallied 1% to 23,838. The Dow was down 307 points, or 0.6%. Steve Sosnick, chief strategist at Interactive Brokers, tells Barron’s that traders have been “resolute” about buying dips.
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