Wall Street anticipates the Federal Reserve will adopt a gradual strategy for reducing its balance sheet expansion. The central bank began purchasing approximately $40 billion in short-term Treasuries monthly in December to alleviate funding market pressures. Officials suggest the pace of these purchases will be significantly reduced, moving cautiously to avoid missteps as the Fed aims for an end state.
Negative Breakout: These 8 stocks cross below their 200 DMAs
In the Nifty500 pack, eight stocks’ closing prices crossed below their 200 DMAs (Daily Moving Averages) on August 4, according to stockedge.com’s technical scan data.