{"id":59789,"date":"2023-04-05T15:31:47","date_gmt":"2023-04-05T12:31:47","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=59789"},"modified":"2025-10-13T14:34:04","modified_gmt":"2025-10-13T11:34:04","slug":"equities-outlook-equity-traders-remain-spooked","status":"publish","type":"post","link":"https:\/\/www.ironfx-id.com\/vi\/equities-outlook-equity-traders-remain-spooked\/","title":{"rendered":"Equities report: Equity traders remain spooked"},"content":{"rendered":"<p>US stock markets appear to be uncertain as to which direction they should go, with prices slightly lower than last week\u2019s closing price. It could appear that fear and concerns are slowly slipping through the cracks and making their way into the equities market.\u00a0 In this report we aim to present the recent fundamental and economic news releases that impacted the US stock markets, look ahead at the upcoming events that could affect their performance and conclude with a technical analysis.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-us-stock-markets-shaken-following-candid-revelations-by-jpmorgan\">US stock markets shaken following candid revelations by JPMorgan<\/h2>\n\n\n\n<p>Equity traders\u2019 confidence in the US stock market appear to have been rattled following JPMorgan Chase CEO Jamie Dimon\u2019s letter to investors yesterday, in which he stated, \u201cas I write this letter, the current crisis is not yet over, and even when it is behind us, there will be repercussions from it for years to come.\u201d Further fueling the hunt by US lawmakers to maintain their siege of the Federal Reserve, CEO Jamie Dimon continued by claiming that the Fed stress-testing system was inadequate and never incorporated interest rates at higher levels. As such an image of incompetence and amateurism painted by JPMorgan Chase CEO Dimon, may have eroded confidence in the US equities market, with such a bold statement potentially providing additional pressure on US lawmakers to hold the Fed accountable for the mini-banking crisis. Thus, US stock markets could potentially suffer as a result of for possible future instability surrounding the biggest central bank, which may weaken confidence in the US equities market, leading to outflows into more \u2018safer\u2019 assets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-us-market-data-signals-a-rather-grim-outlook\">US market data signals a rather grim outlook<\/h2>\n\n\n\n<p>Equity markets received a little jolt following the release of the US PMI Manufacturing data which came lower than expected on Monday, followed by the substantial reduction in the JOLTS job openings for the month of February. Recent data suggest that the US might be nearing a stage of economic downturn as the last time the JOLTS data was this low was in June 2021 during the covid pandemic. As such equity traders may be concerned that the ADP Non-farm payrolls and ISM Non-Manufacturing reports today may further reflect economic downturn as economic sentiment appears to be deteriorating. In addition, the ADP report today, may provide some insight into Friday\u2019s Non-Farm Payrolls data, as such the anticipation of a reduction may be priced in beforehand should the ADP Non-Farm Payrolls reflect a reduction in employment. Furthermore, the statement made by Fed Governor Cook on Friday, in which she stated \u201cI am closely watching developments in the banking sector, which have the potential to tighten credit conditions and counteract some of that momentum\u201d, may imply that the Fed is hoping that tighter monetary conditions and harsher credit scoring practices by banks would help in their fight against inflation, as spending by consumers may impacted by the absence of \u201cfree credit\u201d that banks and corporations enjoyed over the past decade, now that interest rates have risen significantly. As such firms may have to cut costs and scrap growth plans as access to capital is now much more difficult and could therefore translate into weakness in the equities market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-has-reducing-the-workforce-to-boost-share-prices-become-the-new-norm\">Has reducing the workforce to boost share prices become the new norm?<\/h2>\n\n\n\n<p>Walmart, McDonalds and Apple announced this week that they would be reducing their workforce count, as inflation worries tighten the noose around companies\u2019 neck. \u00a0The announcement of layoffs by the three behemoths, follows suit by actions taken by their counterparts Disney, Meta, Amazon and others, as their stock prices had taken a beating following fears of a recession, therefore a reduction in workforce may have been seen a logical solution to the problem.\u00a0 By reducing their workforce Apple, McDonalds and Walmart will be able reduce their overhead costs, leading to an increase in profit margins, thus translating into higher stock prices as they may offer this increased revenue to shareholders through dividends or stock buybacks. Furthermore, the jobs cuts may be seen as a precautionary measure by the aforementioned firms, to ensure a healthier balance sheet in the event of economic downturn. In return, this may have provided temporary support for the equities market as stocks become more appealing in the eyes of investors, thus facilitating inflows into the market and spark risk off behavior.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-technical-analysis\">Ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt<\/h2>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-mcd-daily-chart\">#MCD Daily Chart<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"975\" height=\"456\" src=\"\/wp-content\/uploads\/2023\/04\/image-24.png\" alt=\"\" class=\"wp-image-59790\"\/><\/figure>\n\n\n\n<p>Support: 278.25 (S1), 270.05 (S2), 261.10 (S3)<\/p>\n\n\n\n<p>Resistance: 283.45 (R1), 290.00 (R2), 298.00 (R3)<\/p>\n\n\n\n<p>Looking at #MCD Daily chart we observe investors react favorably to the employee reduction announcement, flooding the stock with calls, pushing the stock\u2019s price to all-time highs. We hold a bullish outlook bias for McDonalds, given the formation of an upwards trendline since the 10<sup>th<\/sup> of March and today\u2019s fresh all-time high level. Supporting our case is the RSI indicator below our daily chart which currently stands at 70, indicating a strong bullish sentiment surrounding the the golden arches. Furthermore, the RSI indicator staying at 70 may signal that the bulls are eager and are actively trying to push prices higher ground. Should the bulls extend their reign, we may see the break above the 283.45 (R1) resistance level and the move towards the 290.00 (R2) resistance barrier. For a bearish outlook we would like to see a clear break below the 278.25 (S1) support level with the next possible target for the bears being the 270.05(S2) support base.<\/p>\n\n\n\n<p class=\"translation-block\">If you have any general queries or comments relating to this article please send an email directly to our Research team at <a href=\"mailto:research_team@ironfx.com\" target=\"_self\">research_team@ironfx.com<\/a><\/p>\n\n\n\n<p>Disclaimer:<br>This information is not considered as investment advice or an investment recommendation, but instead a marketing communication. IronFX is not responsible for any data or information provided by third parties referenced, or hyperlinked, in this communication.<\/p>","protected":false},"excerpt":{"rendered":"<p>US stock markets appear to be uncertain as to which direction they should go, with prices slightly lower than last<\/p>","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-59789","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-category-financial-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Forex blog - IronFX\u2122 | The Global Leader In Online Trading<\/title>\n<meta name=\"description\" content=\"US stock markets appear to be uncertain as to which direction they should go, with prices slightly lower than last week\u2019s closing price.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ironfx.com\/vi\/wp-json\/wp\/v2\/posts\/59789\/\" \/>\n<meta property=\"og:locale\" content=\"vi_VN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Equities report: Equity traders remain spooked\" \/>\n<meta property=\"og:description\" content=\"US stock markets appear to be uncertain as to which direction they should go, with prices slightly lower than last week\u2019s closing price.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ironfx-id.com\/vi\/equities-outlook-equity-traders-remain-spooked\/\" \/>\n<meta property=\"og:site_name\" content=\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-05T12:31:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-13T11:34:04+00:00\" \/>\n<meta name=\"author\" content=\"IronFX Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/vi\\\/equities-outlook-equity-traders-remain-spooked\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/vi\\\/equities-outlook-equity-traders-remain-spooked\\\/\"},\"author\":{\"name\":\"IronFX Team\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/vi\\\/#\\\/schema\\\/person\\\/6727476356d10030d1564b38f6e699b1\"},\"headline\":\"Equities report: Equity traders remain spooked\",\"datePublished\":\"2023-04-05T12:31:47+00:00\",\"dateModified\":\"2025-10-13T11:34:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/vi\\\/equities-outlook-equity-traders-remain-spooked\\\/\"},\"wordCount\":953,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/vi\\\/#organization\"},\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"vi\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/vi\\\/equities-outlook-equity-traders-remain-spooked\\\/\",\"url\":\"https:\\\/\\\/www.ironfx-id.com\\\/vi\\\/equities-outlook-equity-traders-remain-spooked\\\/\",\"name\":\"Forex blog - IronFX\u2122 | The Global Leader In Online Trading\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/vi\\\/#website\"},\"datePublished\":\"2023-04-05T12:31:47+00:00\",\"dateModified\":\"2025-10-13T11:34:04+00:00\",\"description\":\"US stock markets appear to be uncertain as to which direction they should go, with prices slightly lower than last week\u2019s closing price.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/vi\\\/equities-outlook-equity-traders-remain-spooked\\\/#breadcrumb\"},\"inLanguage\":\"vi\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ironfx-id.com\\\/vi\\\/equities-outlook-equity-traders-remain-spooked\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/vi\\\/equities-outlook-equity-traders-remain-spooked\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ironfx-id.com\\\/vi\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Equities report: Equity traders remain spooked\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ironfx-id.com\\\/vi\\\/#website\",\"url\":\"https:\\\/\\\/www.ironfx-id.com\\\/vi\\\/\",\"name\":\"Complete Turnkey Introducing Brokers (IB) Solution at IronFX\",\"description\":\"&quot;Our Introducing Brokers program offers competitive conditions tailored to our partners&#039; needs. 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