The market's relieved that the Fed rate hike is over with no negative surprises. Then again, there were no positive surprises either.
The market's power is limited right now and I think it's safe to assume that tomorrow's CPI data is the reason for that.
The market's interest in millennium-related stocks is also supporting such shares . Other sectors aren't looking that exciting at the moment.
The market's been hoping the Fed will announce a shift toward a neutral bias (towards future interest-rate changes), which could help the U.S. market recover.
In addition, the market has risen steadily as of late, so I think investors were hoping to see a correction at some point. In a sense, the jobs data became an excuse for the correction.
After share prices surged two trading days in a row, market participants chose to lock-in profits.
Fundamentals are not really a worry. However, foreign investors are selling. If they start selling, other investors have a hard time buying aggressively.
There are serious worries consumer sentiment would deteriorate if possible U.S. military action lasts a long time,
Retail investors here as well as some European investors appeared to buy banks actively.
Right now it seems to be the tech stocks that are doing well.... Their share prices aren't overpriced now. It's not really a novel theme, but investors seem to be putting money into stocks that have taken a bit of a breather.
