FX.co - Review for the US stock market on March 9, 2021

2021-03-09T12:30:16

Relevance until2021-03-10

S&P 500:

The US stock market made an attempt to move upwards on Monday, but was sold during the closing.

On Tuesday morning, futures for the S&P 500 added 0.8%. Therefore, we expect the market to rise again.

Unfortunately, it has no potential to further grow, so selling can be considered around the highs.

What is the reason for this? This is because prices are strategically too high. First, bond yields have risen and this reduces the demand for stocks.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Jozef Kovach

FX.co ★ Review for the US stock market on March 9, 2021