The market was not affected by negative news such as (expected) further rate hikes. |
The market will turn its attention back to the interest rate outlook. |
The plunge yesterday was driven by panic selling, the rebound today is a strong signal for buying. |
The profit-taking is quite obvious this morning. The current factors and the fundamentals can't support the index to go up further. At this level, the upside is limited. |
There are more negatives out there than anything to lift the market. |
There's short-term speculation on aviation as gains in other sectors, like financial services, present a chance to increase exposure in other sectors. |