US indices falter below critical 200-day averages amid rising stagflation anxieties. Explore the intricate interplay of Fed rate decisions, China's economic revitalization efforts, and their impact on global markets. Gain crucial insights into US30, NAS100, HK33, and more, with our comprehensive technical analysis video.
US stock indices plummeted into a bear market
Despite last Friday’s positive closes on the four major US stock indices, the S&P 500, Nasdaq 100, Dow Jones Industrial Average, and Russell 2000 ended last week with weekly closes that led to breakdowns below their respective key 200-day moving averages.
The rising fears of a stagflation environment in the US economy due to the White House’s trade tariffs policy have reinforced the ongoing weakness seen in the US stock market while putting the Fed’s current accommodative monetary policy on a defensive mode.
Market participants are expecting the Fed to maintain its Fed funds rate at 4.25% to 4.50% in this upcoming Wednesday,19 March FOMC meeting. The CME FedWatch tool has indicated two potential Fed funds rate cuts of 25 basis points each before 2025 ends as of 14 March.
More concrete plans are likely to be announced soon by China’s top policy makers to jumpstart domestic consumption, which has supported Hong Kong’s benchmark stock indices ' three-month outperformance over the US.
The latest intraday technical analysis on US Wall Street 30, US Nas 100, Hong Kong 33, Japan 225, Germany 30, EUR/USD, GBP/USD, AUD/USD, USD/JPY, Gold (XAU/USD), and West Texas Oil can be found in our YouTube video link above
