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SP500: Daily Analysis & Intraday Setup

On Friday, the benchmark S&P 500 SPX marked its worst week since late October, after mixed economic data turned investors cautious and prompted them to scale back expectations on when the Federal Reserve could begin rate cuts.

Remarks by Atlanta’s Raphael Bostic, a Federal Open Market Committee (FOMC) voting member this year, due at 12:30 p.m. ET, will be parsed for his stance on monetary policy easing. That comes after Dallas’ Lorie Logan warned over the weekend the Fed may need to resume raising its short-term policy rate.

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