Overnight Market Review (April 29): U.S. first-quarter GDP unexpectedly missed expectations on Thursday, but real final sales, a measure of domestic demand that strips out trade and inventories, rose 2.6% on an annualized basis, faster than the fourth quarter of 1.7%. Subsequently, the dollar’s gains narrowed, and U.S. stocks rose. U.S. stock index futures fell one after another in the pre-market on Friday, mainly due to the disappointing earnings reports of Amazon and Apple that hit market sentiment. However, the Fed’s preferred measure of inflation eased slightly.
Trading strategy deployment: It is recommended to go short at a high level.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
