- Fed Policy Expectations: Analyst predictions suggest the Fed may tolerate higher inflation (2.5%-3.5%) under potential new leadership, which could support consumer spending and discretionary stocks.
- Strong Consumer Backdrop: Recent U.S. GDP data highlighted resilient consumer spending as a key growth driver, a fundamental tailwind for XLY holdings. 🔮 Weekly Outlook
Expect consolidation within the $116 - $118 range in the coming week. The oversold RSI hints at a potential rebound. A break above $117.98 could target the $120-$122 zone. Conversely, a break below $115.53 (today's low) may lead to a test of stronger support near $114.
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