The S&P 500 and Dow Jones are at risk as retail traders continue to sell Wall Street ahead of the US CPI report. Is more trouble ahead for Wall Street? Get your market update from ddubrovskyFX here:
In recent days, sentiment has been souring on Wall Street, pushing the S&P 500 and Dow Jones lower. This is ahead of Thursday’s highly anticipated US inflation report. Another solid outcome could likely bring with it hawkish expectations for the Federal Reserve. That may not bode well for Wall Street going forward. For a full synopsis of this discussion, check out the webinar recording above!
Despite recent losses in stocks, retail traders have continued buying into the price action, going against the trend. This can be seen by looking at IG Client Sentiment , which tends to function as a contrarian indicator. With that in mind, does this increased appetite from traders to buy the S&P 500 and Dow Jones spell trouble for Wall Street in the coming sessions?shows that about 65% of retail traders are net-long in the S&P 500.
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