The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
US stocks posted strong gains last week, where major indices not only reached all-time highs, but also gained new record values. Dow Jones lagged slightly behind the other indices, but held near yearly highs.
Last week:
Dow Jones was up 1.5% (550 points) and ranged from 34.240 to 34.790 points.
S&P 500 grew 1.5% (60 points) and valued 4.290 to 4.350 points.
Nasdaq rose 1.0% (149 points) and fluctuated from 14.490 points to 14.639 points.
Market condition: Obviously, the trend is upwards, thanks to the strong recovery of the US economy. Latest data says it climbed 6% year-on-year and should continue moving away from the coronavirus crisis. In fact, the Federal Reserve predicts another 6% growth by the end of 2021.
Strong vaccination programs have also pushed COVID-19 cases down to non-hazardous levels. As a result, different sectors of the economy improved, such as the labor market. Latest reports say wages and incomes have increased.
There is also a consumer boom in the United States, especially on homes and cars. But inflation continues to surge in the country, as prices increased again by about 5%.
Yet, the Fed continues to ignore the issue and announced that they will resume injecting liquidity of around $ 120 billion, and maintain a near-zero interest rates (+ 0.125%). But if inflation does not slow in the coming months, the central bank will be forced to take action, which will trigger a huge correction in all stock markets.
Forecasts for this week:
Dow Jones will value around 34.000 - 35.600 points;
S&P 500 will range around 4.270 - 4.1410 points;
Nasdaq will hit 14.300 - 14.900 points.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
InstaSpot分析评论将让您充分了解市场趋势！ 作为InstaSpot的客户，您将获得大量的免费服务以实现有效的交易。
