After the market opened, the three main stock indices in the United States showed an increase. The S&P 500 index rose by 0.8%, reflecting a temporary rebound in market sentiment.
However, as we have just analyzed, since the three most recent economic data confirm yesterday's negative news, it is very likely that today we will see a trend of high opening and low closing.
Regarding individual stocks, this logic is already manifesting. For example, Tesla opened higher reaching $454, but then retraced to $444, fully demonstrating that market sentiment has entered a correction cycle.
At this stage, we can still pay attention to the performance of some strong assets. Currently, most stocks in the United States are showing a temporary rebound within a correction cycle. Capital flows and sentiment are expected to shift from a rapid ascent trend to a sideways consolidation trend.