S&P 500
The US market posted another rally last week, having overcome all the negative from the conflict in Ukraine, sky-high inflation and soaring oil prices.
The highlight of the new week will be the February data on US inflation, the PCE index, the employment report for March and the first reports on business activity for March.
The US economy and the market is in a very strong shape because the conflict in Ukraine objectively makes the US a more attractive place for capital than Europe.
US indices last week:
Dow - 34.600 to 34.960 points (up 360 pips or 1%)
NASDAQ - 13.900 to 14.350 points (up 450 pips or 3%)
S&P 500 - 4.480 to 4.580 (up 100 pips or 2%)
Forecasts:
Dow - 34.300 to 35.500 points
NASDAQ - 13.800 to 14.800 points
S&P 500 - 4.500 to 4.650 points
Conclusion: The US market is ready for growth, but positive news is needed such as a ceasefire in Ukraine. If the conflict flares up, the market will turn down.
