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17.03.202108:48 Forex Analysis & Reviews: US stock rally in question. Traders await Fed statement

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S&P500

Currently, the US market is at an all-time high. However, the previous trading day showed signs that its growth is beginning to fizzle out.

Yesterday's report on retail sales in the United States for February turned out to be very downbeat. US retail sales fell by 5%.

Besides, today's macroeconomic calendar includes the news from the Fed. Market participants are wary of seeing hints of a reversal in policy in the Fed's statement.

Apart from that, stocks have already surged to record highs since the beginning of the year.

That is why there are warning signs of a bearish correction.

Thus, traders will wait for the first strong downward movement and then catch an upward rebound in order to sell.

Market participants are awaiting the Fed's statement.

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