

Traders focus on data, elections, and earnings after Fed rate cut

The Federal Reserve’s decision to cut rates by 50 basis points sent the benchmark S&P 500 to its first closing all-time high in two months. So far, the index has gained in September, a month historically known for weaker performance in equities. The S&P 500 has delivered strong returns, but traders should remain cautious as the rocky period could last until U.S. presidential election. Volatility tends to rise in election years, and this year is no exception. The Market Volatility Index (VIX) typically climbs at the start during election periods. Traders should prepare for potential fluctuations as the U.S. election draws closer. With polls showing a tight race between Republican Donald Trump and Democrat Kamala Harris, market participants are already feeling the pressure. Read more to find out how will S&P 500 index trend here.

S&P 500 index trend

Disclaimer:

With macroeconomic data and political uncertainty weighing heavily on the market, traders should stay focused on fundamentals and prepare for elevated volatility in the weeks ahead.

Publication date:

2024-09-27 18:38:22 (GMT)

The terms and conditions of use set out below (referred to as "FX Blue's Terms"), form a contractual agreement governing FX Blue's relationship with you in relation to your use of this Website (“Agreement”) and you agree to be legally bound by FX Blue's Terms just as if you had signed this Agreement. By using this Website and any Information, you are agreeing to comply with and be bound by FX Blue's Terms, including any revisions that may be made to FX Blue's Terms from time to time. FX Blue reserves the right, in FX Blue's sole discretion, to change, modify, add or remove portions of FX Blue's Terms at any time by posting the revisions on the Website. You should check FX Blue's Terms periodically for changes as by using the Website after FX Blue posts any changes to FX Blue's Terms, you are agreeing to accept those changes, whether or not you have reviewed them, and you waive any right you may have to receive individualised notice of such changes. FX Blue's Terms may be supplemented by additional terms and conditions pertaining to specific content and activities. You agree and understand that such additional terms and conditions are hereby incorporated by reference to FX Blue's Terms. Your continued use of the Website means that you accept any new or modified FX Blue Terms.