FAST FIVE: S&P Futures Slide, Europe Jumps As Traders Beg For Chaotic Week To Week
The index is hovering just under the 97.000 handle within a 96.767-96.931 band, and well within nearest technical support and resistance levels at 96.300 and 97.311 respectively.
This didn't matter much when inflows dominated – as they mostly did in this cycle pre-2018 – but in a year of outflows across the board the lack of a proper two way market is increasingly being felt.
He said, “we have a pretty strong economy — unemployment pretty low, inflation near our goal — it's just managing a soft landing, keeping this expansion going for the next few years.” So will the last employment report released this year (the December report comes out in early January) help markets to continue to form a base.
The ISM non-manufacturing print for November was a relative positive after coming in at 60.7, up 0.4pts from October and ahead of expectations for a decline to 59.0.
Broadly speaking, AKK stands for a continuation of the Merkel-era strategy of positioning the CDU at the centre of the political spectrum, whereas Merz stands for a sharpening of the party's traditional profile as a centre-right party.