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home / news releases / QQQ - The S&P 500: Is The Pullback Over?

QQQ - The S&P 500: Is The Pullback Over?

PowerShares QQQ Trust Ser 1

2024-05-13 10:52:06 ET

Summary

  • The S&P 500 Index has rebounded but still faces resistance at the 5,200-5,300 zone, with the possibility of a reversal and lower lows.
  • The odds of a rate cut by the Fed have decreased, but future data could shift towards a more dovish outlook.
  • Inflation data is expected to improve, which could lead to a rate cut and favorably impact the SPX and stocks in general.

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For further details see:

The S&P 500: Is The Pullback Over?
Stock Information
Company Name: PowerShares QQQ Trust Ser 1
Stock Symbol: QQQ
Market: NASDAQ
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