06/09/2023
【Pre-Market Information for US Stocks】
U.S. stock index futures were mixed before the market on Friday, and a thrilling week is coming to an end. The interest rate hikes by the two major central banks this week have affected the market sentiment. The ups and downs in the U.S. economic data have caused the Fed’s interest rate hike expectations to continue to change. The market is afraid to act rashly before the important Fed meeting next week.
The stock market is wrapping up the week, with the S&P 500 starting a new bull run. The index is now up 20% from October lows. Investors have been encouraged by signs that a broader group of stocks, including small caps, have participated in the recent gains, which may continue in the short term.
Elsewhere, the dollar posted its biggest weekly loss in more than two months, as investors bet the Fed's rate-hiking cycle was drawing to a close. But many traders were looking for signals that could inform the Fed's upcoming policy meeting next week.
My personal take: Retail investors have helped drive an average daily inflow of $1.36 billion into U.S. stocks over the past week. "The upward trend of retail buying may continue in the next few weeks, which may support the entire US stock market higher. (Indicating that the market is still in an optimistic state)
