The COR™ Market Pulse for today, December 12, 2024, shows a market sentiment that remains neutral, with a notable stock crash probability of 38.0% and a recession probability at 42.3%. Today’s key financial headlines highlight significant global economic events, including the ongoing impact of the U.S. court’s upholding of the TikTok ban, new U.S. semiconductor controls on China, and various cybersecurity developments in Australia and India.
The predicted market movement indicates a modest daily percentage increase of approximately 0.24% in major indexes like the S&P 500 and MSCI World, suggesting cautious optimism. Recent volatility in VIX prices, which saw a significant uptick to $14.21, reflects ongoing market uncertainties.
This activity comes amid concerns over the U.S.-China tech rivalry and geopolitical tensions, which could influence investor behavior. Despite these challenges, the market’s technical indicators, including moving averages, provide a stable backdrop for potential upward trends.