Premarket Sentiment: Bullish

During Day Sentiment: Neutral

After Bell Sentiment: Bear

Due to the Chinese report on its lowest tally of Covid-19 cases in three weeks, President Xi Jinping highlighted the importance of infrastructure for economic growth, singling out transport, energy, and water conservation. Machinery and building materials stocks jumped. On top of that due to Tuesday’s sell of stocks, there are some premarket bullish activities to recoup the loss.

But Investors attributed Wednesday’s rise in U.S. stock futures as a temporary relief rally. Earnings are “supporting the market to some extent but it is not enough to hold. So my prediction is the market will either go down or stay neutral.

For the after market , I am predicting the market sentiment will be bear too as the earnings afteramarket predicted to be in decline compared to last quarter.

--

--

Curious System

Curious System

Want to understand society, technology, politics and life at different stages.