Zane Aw Yu Xuan

Given that inflation remains elevated, the market expects the Fed to hold rates steady through the rest of this year with a potential rate hike at the start of next year.

S&P 500 expected to face continued downside momentum

After a steady momentum rally from the 6,316 swing low on Mar 31 this year, the S&P 500 has pulled back 3 per cent from the 7,620 swing high formed on Jun 2 at the time of writing. The current dip is ...

From a technical perspective, WTI oil prices have exhibited signs of weakness lately, with lower highs continuing to form since the Mar 9 high near US$120 per barrel.

WTI expected to face further downside pressure

West Texas Intermediate (WTI) crude oil prices have consolidated sideways since the high of nearly US$120 per barrel reached on Mar 9. Since May 20, WTI oil prices have softened and remained under US$...

 the sharp spike in oil prices from the Iran war has rekindled inflation concerns, with market participants repricing interest-rate expectations for this year.
CHARTPOINT

Further downside expected for the Philadelphia Semiconductor Index

It could continue to pull back towards the 6,400 level, representing a 10.6% downside from the current price

The current tug of war between market participants is largely due to several factors, including a shift in market leadership, the uncertainty over the timing of further rate cuts and fears over the AI trade.

S&P 500’s downtrend expected to persist

Following a steady momentum rally from the April lows last year, the S&P 500 has spent the first two months of 2026 trading within a sideways range, oscillating primarily between 6,800 and 7,000. The ...

The current drawdown for the Hang Seng Tech Index is likely to persist in the near term with a breakdown of key support levels amid outflows from China’s sovereign wealth fund and investor concerns of higher tax on internet firms.

Hang Seng Tech Index expected to continue decline

The Hang Seng Tech Index, which tracks the 30 largest technology companies listed in Hong Kong with high exposure to technology themes, has continued to weaken this year.

WTI prices fell a further 2% last Monday after Iraq restored production at one of its oilfields, which accounts for 0.5% of global oil supply.

Bearish outlook persists for WTI

WEST Texas Intermediate (WTI) crude oil prices have remained weak this year, down 18 per cent year-to-date at the time of writing.

Should the market extend its pullback from the current price weakness, the previous record resistance level in February at around 22,100 points would likely hold as a strong support.

Nasdaq 100 rally shows signs of stalling

Since early November, the Nasdaq 100 index has seen a notable pullback of around 6 per cent as at the time of writing last week, driven primarily by anxiety surrounding the artificial intelligence (AI...

From a technical perspective, investors should exercise caution as signs point to a near-term shift in momentum to the downside.

S&P 500 rally may stall with breakdown of key support levels

THE US stock market experienced a recent notable pullback, driven primarily by escalating trade tensions between the US and China. On Oct 10, the S&P 500 sold off by 2.7 per cent, marking its largest ...