Last week ended with quite the divergence in the markets. All three indexes made all-time new highs in the morning on Friday, but then the NASDAQ ran into sellers who pushed the market to its worst one day drop since May 17 when the NASDAQ lost 158 points to close at 6011.24.
The question following Friday’s plunge is whether this is the start of a bigger correction, or a knee-jerk reaction by investors to a Goldman Sachs memo which called the big 5 tech stocks overvalued and seems to have been the catalyst, starting the selling on Friday.
The second week of June is important as the Fed policy meeti8ngs start on Tuesday and end on Wednesday with the latest decision on interest rates. The CME Group FedWatch probability for a June rate hike is at 78% going into the start of this week.
Here is the stock market outlook for the second week of June 2017. The outlook for the upcoming week includes a number of topics.
Second Week Of June 2017 Stock Market Outlook
The Outlook includes:
- Trade ideas and comments on Stock Market Outlook
- investor sentiment
- general trading tips
- A look at the collapse of the NASDAQ on Friday June 9
- Dow Jones Transportation Index review
- Comments on likelihood of a bear market starting
- A look at sell signals from the NASDAQ drop
- Discussion on the Fed’s interest rate decision on Wednesday
- Trade ideas around the Fed’s decision
The Week Ahead article for the second week of June 2017 is for FullyInformed Members.
Stock Market Outlook – The Week Ahead For The Second Week of June 2017
Members can sign in to the full members site here
Non-members can join here or review the benefits of a membership
Internal Stock and Option Trades Links
- Portfolio Listing by Years
- Review Past Week Ahead Articles (listed recent to oldest)
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