The burst of optimism following the President of China’s speech before yesterday's trading session predictably evaporated, and the markets again remained alone with the not-yet-realized need for a correction. As a result, by the end of Wednesday, U.S. stock indices lost 0.5% to 0.7% and, this morning, futures on the S&P 500 have already fallen within another 0.5%.
The news background is still mainly full of European news. Thus, information about Europeans’ moving their meeting on the Greek question from Wednesday to Monday has not left the mass media for more than the past 24 hours. At the same time, market participants will be watchful about economic and corporate news.
Despite the fact that, during yesterday's trading session, sellers on global platforms gained quite a convincing victory, buyers may still have the chance to turn towards the 1,350-point mark for futures on the S&P 500. While the probability of optimists getting revenge is not high, this possibility does exist.
An interesting indicator of the future dynamics of risky assets during today will be the dynamics of Apple stock, which will be the center of a struggle between proponents of a correction and hopeless optimists. If, after yesterday's intraday reversal of the company’s shares continues towards decline, a correction should finally be inevitability and the Ukrainian market will not escape this fate.
