Markets were flat Thursday despite more war-related news out of Ukraine and renewed energy concerns.
Oil prices fell following reports that President Joe Biden would release oil reserves to cool off rising prices.
But the shelling continues near Kyiv just after Russia said it would scale back operations in the region.
This news, combined with Wednesday’s soft gross domestic product report, could have the Federal Reserve back off from raising rates again as expected.
U.S. fourth-quarter 2021 GDP came in at 6.9% growth vs. 7.0% expected.
When GDP is soft, it indicates the economy isn’t growing as fast as we expect. And if the Fed were to pull back, bonds would go higher instead of lower, which would ease some of the pressure on the stock market because when bonds go up, interest rates go down.
And we’ve been seeing the bond market move higher the past few days, which tells us the Fed might not raise rates according to its aggressive schedule.
In this stock market recap video, you’ll discover the important clues the bond market is giving us right now… a major review of indices and price levels… whether we’re consolidating or rising again… plus the top sector and stock to pay attention to.
The company was able to debut its new cruise ship — now the world’s largest — the Wonder of the Seas, with its inaugural journey having been delayed since September 2020 due to the pandemic.
The Centers for Disease Control also removed its cruise ship warning from its website this month after dropping the warning to a level 2 in February.
And Wells Fargo just gave the company a bullish rating of “overweight.”
Everything seems to be lining up for Royal Caribbean, and the bulls are here for it.
Divergence occurs when the stock price and another key indicator move in opposite directions on a chart. Divergence in technical analysis may signal a major positive or negative price move. Positive divergence occurs when the price of a security makes a new low while a key indicator such as RSI, Stochastic or MACD starts to climb. Conversely, negative divergence is seen when the price makes a new high but the indicator being followed closes lower.
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