Welcome to this Monday's Market Outlook.
The premarket is relatively quiet today, with no significant economic data releases scheduled. Interestingly, despite the calm, major companies such as Apple (NASDAQ:AAPL), Shopify (TSX:SHOP), and Tesla (NASDAQ:TSLA) have received positive news.
Last week concluded on an upbeat note, though both the S&P 500 and NASDAQ remained within the trading range of the previous week. Coming into the weekend, there appeared to be a shift in sentiment in the stock market from risk-off to risk-on.
This change was also noticeable in the bond market, where there was a renewed interest in emerging-market and high-yield (junk) bonds.
Currently, our short-term outlook on the market remains bullish, yet our long-term view is bearish, given that the VIX continues on a weekly buy signal.
This content was originally posted on the Stock Market Timing YouTube Channel