The world’s leading benchmark continues to break records. The S&P 500 manages to accumulate a 20% increase over the yeardespite the fact that it stopped this Wednesday at around 5,730 points. At the same time, the balanced version of the S&P 500 also reached maximum levels. Wall Street remains unstoppable, even if at the European close the two most important references listed in New York remained practically unchanged. in the tables.
The technology index, the Nasdaq 100, is also following in the footsteps of its counterpart, and at the close of the European session it managed to position itself at 19,900 points, while it shows an annual increase of 18.8%. Nasdaq is only 3.3% from its all-time highsTHE 20,675 pointswhich he celebrated in July of this year. It should be noted that this Wednesday did not have any events that could particularly affect the state of the American economy, with the exception of the report on new home sales for August in the Anglo-Saxon country, which, however, fell by 4.7% compared to July. , it exceeded the expectations of the consensus of analysts gathered by Bloomberg, who were counting on a 5.28% drop in home purchases in the region.
Investors will have their attention focused on the upcoming appearance of Jerome Powell, Chairman of the US Federal Reserve this Thursday, after the monetary entity cut rates for the first time, and aggressively. In addition, one of the central bank’s favorite data will also appear this Friday, namely the region’s consumer price index (CPI, in English PCE) corresponding to the month of August.
The American benchmark par excellence achieves an annual increase of 20% in a context where Investors are more confident of a soft landing of the economy instead of a recession as feared a few weeks ago. The consensus of experts collected by Bloomberg places the index at 6,230 points, which represents a potential increase of 8.8%.
One of the sources of concern in the world, China, is also trying to give an answer. pushafter the The People’s Bank of China announced a historic recovery plan to revive the country’s disgruntled economy. One of the goals of the plan is to try to stabilize its stock market, although it also benefits the Asian giant’s financial and real estate sectors.
Waiting for the elections
This year 2024 has been particularly positive for the three most important indices of Wall Street, which have marked and renewed their highest levels in their entire history, with the S&P leading the increases. And the outlook for the stock markets Big Apple are positive for the end of the year, despite the uncertainty generated by the elections of next White House tenant in Novembercloser every day, and with which volatility could return. After the electoral debate in which Kamala Harris eclipsed Donald Trump, her popularity continues to improve in the polls.
Despite this, the markets still do not favor any of the candidates as favorites in the elections. Bankinter, in its latest strategic report, explains that “it cannot be said with certainty that one of the two candidates is better than the other for the market.” These elections are one of the risks of the last quarter of the year. From the entity, they affirm that “the The outcome of the US elections is truly unpredictable and we can only say that market volatility (stock markets and bonds) will increase as we approach November 5th.” Although this is an undeniable risk for the stock markets, the bank defends that this end of the year will be particularly good for investors, the American indices, whose potential is double that estimated for the European market for next year.
