U.S. recession risk remains low at the moment, based on the newsletter’s primary indicator, which aggregates several business-cycle metrics.
Over the last two weeks, the bullish sentiment index has reversed from extreme greed to fear. The composite net bullish sentiment index, comprised of professional and retail investors, fell from 38.15 to 9.9 in two weeks.
When considering IBM’s stock price forecast 2024, it is essential to focus on the overall trend rather than fixating on specific price targets.
In my prior post from early April, I mentioned that I was closely watching if the OMXIPI and OMXI15, the two main benchmarks for the Icelandic stock market, are in the process of reversing their long-term trends from down to up.
Equilibrium was lost when an earnings-based reflex rebound restored S&P to around the 50-Day Moving Average, and then Tuesday simply worked into a more notable sell-off.
The Index has risen above the January 2023 peak.
International Paper (IP) manufactures packaging products and cellulose fibers. Over the past year, International’s share price increased about 5.58% from $33.11 to $34.96 as of Tuesday’s market close.