Rally may trigger sell signal in US, Australia

smh.com.au [$]

US and Australian sharemarkets reached new highs last week, but a sell signal may be triggered as the S&P 500 nears a critical threshold. The Australian market is expected to remain steady, mirroring the US market's performance after a strong jobs report. Bank of America's Michael Hartnett warned investors to sell shares if the benchmark rises above 6300 points. The rally in US stocks, driven by a resilient economy and softened tariff approach, has sparked market speculation. Investors are also watching trade negotiations and potential tariff deadlines.


With a significance score of 1.7, this news ranks in the top 27% of today's 26989 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers:


Rally may trigger sell signal in US, Australia | News Minimalist