Economic news

Markets brace themselves for a busy week ahead with key focus on trade talks, the FOMC meeting and key earnings including MAG7 companies

The technicals remain bullish on both daily and weekly time frames, while in sentiment it’s a story of majority buy bias.

The technical overview shifted to volatile before last Tuesday’s plunge putting breakout strategies in play, while in sentiment fresh longs remain exposed.

Consumer inflation remained unchanged at 3.8% in September despite forecasts of a rise, leading markets to price in higher odds of rate cuts from the BoE

Interest rates are the cost of borrowing money and the benchmark rate used in valuations.

Last week was mostly a story of recovery shaking off a couple key negative factors, but it’s about to get more interesting with more earnings this week.

1929, 1968, 1999. These years mark historic peaks in stock market valuations, and today they're higher than they've ever been before.

Warren Buffett just sold over $4 billion in Apple shares. He also sold 41% of his stake in Bank of America — a position worth over $1 billion — and completely liquidated his billion-dollar stake in T-Mobile. He also halved his position in Charter Communications.

Volatility in the stock market remained very high on Wednesday, 15 October, with sharp moves in both directions as equities searched for a clear path forward ahead of October’s option expiry.

Impressive results have helped it overcome trade worries and an ongoing shutdown for now, but the technicals are still conflicted on the shorter-term daily time frame due to last Friday’s plunge.