The Market Flipped From Nervous to Complacent. Earnings and the Fed Meeting Are a Major Test.
Market Intelligence Analysis
AI-PoweredThe market has shifted from a nervous to a complacent state, with the Nasdaq Composite rallying 1% and the Dow experiencing a 1% decline. Traders are showing resilience in buying dips, but upcoming earnings and the Fed meeting pose a significant test for the market. This mixed sentiment suggests a cautious approach is necessary.
Market impact analysis based on neutral sentiment with 75% confidence.
Article Context
The Nasdaq Composite rallied 1% to 23,825. The Dow was down 488 points, or 1%. Steve Sosnick, chief strategist at Interactive Brokers, tells Barron’s that traders have been “resolute” about buying dips.
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