Market On Open - Wednesday 17 April

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Rate Cuts Postponed. Also WW3 Postponed.

by Alex King

So far nobody has said Nuke and nobody has said Hike, so markets remain intact. I am unsure which of those words would cause more scurrying to hit the SELLSELLSELL button, but for now neither are on the table, so we can all think about looking to the upside in equities once more.

Don’t relax quite yet however, because around now some folks will start saying that Q1 2024 Big Tech Earnings Season will be the Most Important Big Tech Earnings Of Our Investing Careers, so, there’s that. ASML reported this morning and the stock is off a little, so the season isn’t off to a ripsnorting start.

As always, price will tell us about price; we look to price, not opinion, to lead the way. So with that in mind we refresh all our charts below - equities, oil, bonds.

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Short- And Medium-Term Market Analysis