Recovery rally on Wall Street after Fed decision - Bullvember brings optimism

Recovery rally on Wall Street after Fed decision - Bullvember brings optimism

After the correction of the past, optimism is returning to Wall Street. The US leading index S&P 500 and the Nasdaq have initiated a dynamic recovery rally. The Federal Reserve's decision not to raise interest rates further has given the stock markets an additional boost. In addition, falling bond yields have contributed to a positive environment for the US stock markets. Historically, November and December are considered good stock market months with strong performance for Wall Street.

According to a report by finanzmarktwelt.de, the US stock markets have overcome negative influences such as the Middle East conflict and the gloomy economic outlook in the short term. However, US industry is still in decline, which could have long-term effects on markets.

From a technical chart perspective, the situation has improved significantly due to the recovery rally. The S&P 500 futures defended the key 61.8% Fibo retracement and bounced higher. It is now trading at the SMA200, but this can be viewed as possible resistance. A daily close above the moving average lines could unlock further upside potential.

The impact of this development could create positive sentiment in the US stock markets and encourage investors to invest further in the market. This could lead to a rise in the S&P 500 and the Nasdaq. However, negative factors such as the downturn in US industry and geopolitical conflicts should continue to be kept in mind.

Source: https://www.finanzmarktwelt.de/wall-street-die-bullischste-zeit-des-jahrs-der-november-177335/