Major US indices could consolidate or see a modest pullback as complacency reigns, though a sharp correction is not our base case.
What’s more in this report:
Copper; green light to rally further?
Gold; on the verge of a larger up- or downmove?
Credit Spreads: How much lower can they go?
This report is published: Bi-weekly
The US stock market is undergoing a broadening in breadth and leadership. Big tech-related market leaders are coming off the boil, while lagging indices are showing signs of life lately. That is a bullish signal which may suggest that this fierce rally has more room to run eventually. What’s more in this report: Is copper on the verge of a bullish breakout, and how far can EUR/USD and GBP/USD extend their uptrends?
Silver got the green light to rally further, while the main US and European stock indices are vulnerable to a corrective phase. What’s more in this report: Will WTI rally further and which asset class could well end a 15-year downtrend?
In the near-term, we think a breath-taking pause or pullback for various global stock market indices is plausible..
Announcement: Due to the author being out of the office, the next edition of the Technical Trend Outlook report will be published on Thursday June 19, 2025.