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The broad market index of Wall Street has lost more than 400 points, or nearly 10% since June 8. This is mostly due to fears that the U.S. Federal Reserve (Fed) may take aggressive monetary steps to contract the money supply while failing in its widely announced mission to curb inflation dynamics. 

Oil prices survived above $118.5 per barrel of the North Sea Brent benchmark amid rising demand for crude.

Large institutional funds are generally sceptical about possible effects of the additional production quotes by the Organisation of the Petroleum Exporting Countries and its allies (the so-called OPEC+). 

Inflation fears are setting strong negative sentiment, but the market is trying to rebound

The major European stock indices, including Germany's Xetra Dax and France's CAC 40, have been trading neutral in the middle of the week gaining nearly 1.5%. The U.S. S&P 500 broad market indicator is close to March 2021 lows. Inflation fears are setting a strong negative sentiment, but the market is trying to rebound on hopes of further positive dynamics of the banking sector.

U.S. corporates like Microsoft, Google-parent Alphabet, Facebook owner Meta Platforms, Qualcomm and Apple continue to provide Q1 2022 earning reports.

It is a quite possible scenario that most of investors may continue to favour these giants regardless of the financial results for the previous quarter. These assets are treated as a kind of lifeline or money savers in the vast ocean, where major average stock indexes including the S&P 500, the Nasdaq 100 and the Dow Jones Industrial are submerged.

The "wait and see" mood on the back of feeble corrective slopes in the market seems to be an appropriate investment stance for the current week, when "no deal" used as a safety bet might become the prevailing practice.

The Nasdaq 100 has a clear potential to surpass the 15,000 mark.

Chip makers led a big tech rally catapulting the Nasdaq 100 futures to its six-week high above 14,800 points. As observers of financial market news that the demand is based on giant cap stocks like Apple, Amazon, Microsoft, and Google. The index has a clear potential to surpass the 15,000 mark and further consolidate above this level within the nearest trading sessions.

Dip-buying strategies slowly and steadily return to the global markets while the fourth-quarter reporting season shoots out. As many as 79 of the 500 companies listed in the Wall Street's S&P broad market index already reported their financial results as of January 25 and 81% of those companies delivered better-than-expected revenues, according to Refinitiv data. According to Refinitiv analysis, we may expect a revenue growth for Q4 of 24.1% for S&P 500 listed companies.

Global markets continue to rebound to the upside. The U.S. S&P 500 broad market index has already soared by more than 130 points from this Monday’s bottom to touch the 4,715-4,725 area before Wall Street’s close yesterday. It was then tested again during the morning futures trade on Tuesday, while major European indexes also gained for the second session in a row. 

The data from the Non-Farm Payrolls report has most likely provided the answer that investors are looking for as to what the next move by the Federal Reserve (Fed) will be next week.