In a shortened trading week, the Nasdaq plunged over 7.5%. The S&P 500 fell over 5.5% and the Dow Jones fell over 4.5%. Markets continue to worry over the outlook for growth and inflation, and the potential actions of the Federal Reserve. Last week was also options expiration week which we have talked about in the past.
Specifically, we’ve covered how stocks have struggled during those weeks. For the week ahead, do we get a bounce in stock prices as the major U.S. indices are oversold when looking at the relative strength index or RSI? RSI is a momentum indicator used to evaluate overbought or oversold conditions in the price of the stocks. Earnings season accelerates this week as well with key reports due from Apple and Microsoft. Are their earnings and outlooks good enough to put a floor in the decline seen in tech? We also have the Russian-Ukraine conflict to monitor this week. But the main event of the week is the Fed’s monetary policy decision on Wednesday. Do they provide any additional color on what they are thinking, and has this stock market sell-off changed their outlook at all?
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