Market Update: Russell 2000 Consolidation Continues

Last week, the Russell 2000 continued to consolidate after failing to break out of the two year long range.

Soft Landing Path Ahead

Overall, the market is still seeing a soft landing path ahead, in fact, despite the slightly higher than expected US CPI figures, the US Jobless Claims improved further and the US PPI data missed forecasts. Moreover, the Fedspeak has been generally neutral with no strong pushback against the market’s rate cuts expectations.

Today, the market will be closed for MLK Day, but we will have some interesting data coming out later in the week to keep an eye on.

How Will This Affect Me?

As an investor, the continued consolidation of the Russell 2000 may indicate a period of uncertainty in the markets. It’s crucial to stay informed and closely monitor any upcoming data releases to make informed investment decisions.

How Will This Affect the World?

The market’s soft landing path may have a ripple effect on the global economy. Investors worldwide will be watching closely to see how the market reacts to upcoming data releases and any potential shifts in monetary policy.

Conclusion

Overall, the market continues to show signs of consolidation and a soft landing path ahead. While the Russell 2000 may be experiencing some uncertainty, it’s important for investors to stay informed and prepared for any potential market movements in the coming weeks.