Market Volatility: Insights from Recent Economic Changes (E81)

This week we have such volatility following the recent event with Iran, which has added an unexpected layer of uncertainty to the global markets. The Fed will testify on Tuesday and Thursday, which could influence investor sentiment, and with home sales data coming out, we will also have a close eye on the GDP figures along with initial jobless claims that could provide further insights into the economic landscape. SPY finally approached the critical resistance level of 597; if it breaks through 599, it will likely make its way towards 610, signaling improved investor confidence. Bitcoin has seen a notable pullback, trading below 101k, which raises questions about its current trajectory amidst market fluctuations. Home sales data will be released this week, and while we anticipate some movement, here’s what we know so far: year-over-year sales are down 0.7%, reflecting potential challenges in the housing market. As these events unfold, stay tuned and be vigilant with the market, as it will be crucial to navigate these shifts strategically.