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Carlsquare weekly market letter: The market breaks downwards

Read the weekly market letter here:

Carlsquare weekly market letter

  • We are still in the summer lull so anything can happen. Higher interest rates are weighing on the market, along with a weak outlook from China and Fitch pulling the trigger on the banking sector. The Fed’s Jackson Hole meeting on 24 August could see the next significant change in policy.
  • Technically, the market is poised for another leg higher as it is oversold. However, yesterday the S&P 500 broke below its 50-day moving average, which puts much pressure on the bulls as the market is on the verge of breaking down. Keep an eye on Apple shares, as it may hold the key to the market’s overall direction!
  • The graph below shows the S&P500 performance compared to the US 10-year Treasury yield.


The information in this presentation is based on what the publisher, Carlsquare, believes to be reliable sources. However, we cannot guarantee its content. Nothing in the presentation should be construed as a recommendation or solicitation to invest in any financial instrument, option, or the like. Opinions and conclusions expressed in the presentation are for the recipient’s use only. The contents may not be copied, reproduced, quoted, or distributed to anyone else. Carlsquare shall not be liable for any loss arising from any decision taken based on the information contained in this presentation. Past performance should not be taken as an indication of future results. Changes in foreign exchange rates may affect the value, price or income of an investment made abroad or in a foreign currency.

The analysis is not directed at U.S. Persons (as that term is defined in Regulation S under the United States Securities Act and interpreted in the United States Investment Companies Act of 1940), nor may it be distributed to such persons. The analysis is not intended for natural or legal persons where the distribution of the analysis to such persons would involve or entail a risk of violation of Swedish or foreign laws or regulations.

Carlsquare weekly market letter: The market breaks downwards