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Market overview 2023-07-18

19.07.2023

At Tuesday's trading on the U.S. stock market the Technology sector (the already recognized growth driver) was joined by the Financial sector on the back of good reports from major banks and financial corporations. Coming out macroeconomic statistics shows some cooling of the main economic processes, which in the medium term, according to the expectation of traders, may lead to lower inflation and cooling of the labor market - the key factors on the basis of which the Fed is now making its decisions on the rate. However, concerns will persist that cooling too quickly could push the U.S. economy into recession. And noting that the "recessionary" fears of traders are clearly decreasing, such a development can not be completely ruled out yet, and it will continue to restrain the market from larger growth.