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Weekly Market Outlook: Cautiously Bullish as Market Awaits FOMC Meeting Announcement

 

Week Ahead, 16 Sept 2024

Summary
- The FOMC has a 50/50 probability of a 25 or 50 bps cut following weaker economic data.
- Technically, the S&P 500 (US) and STI (SG) indices have moved higher. We have shifted our view to cautiously bullish, anticipating a broader price movement across equities rather than just the Mag7.
- REITs continue to recover in a less hawkish interest rate environment.
- The next technical projection for gold prices is US$2,850/ounce.

Headlines for the week:
- US FOMC
- China LPR Fixing
- SG Aug NODX, 2Q24 Employment, F1 Race Week

Disclaimers apply




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