{"id":30304,"date":"2025-11-10T17:27:00","date_gmt":"2025-11-10T17:27:00","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=29657"},"modified":"2026-04-20T02:34:48","modified_gmt":"2026-04-20T02:34:48","slug":"week-ahead-will-the-momentum-of-sp-500-hold","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/pl-eu\/featured\/week-ahead-will-the-momentum-of-sp-500-hold\/","title":{"rendered":"Week Ahead: Will the Momentum of S&amp;P 500 Hold?"},"content":{"rendered":"\n<p>The four-quarter winning streak of the S&amp;P 500 has kept the bulls in control, but inflation data this week could prove a crucial test of whether that momentum still has legs.<\/p>\n\n\n\n<p>With nearly all companies in the S&amp;P 500 having reported their third-quarter results, overall earnings are up about 13.1% year on year, far surpassing the earlier forecast of 7.9%. Roughly 82% of firms exceeded earnings-per-share expectations, marking the fourth straight quarter of double-digit profit growth.<\/p>\n\n\n\n<p>Technology and financial stocks were standout performers, each delivering over 20% earnings growth, supported by surging AI investment, healthy fee income, and prudent cost controls. Industrial and utility companies followed with solid double-digit gains, while healthcare and consumer discretionary sectors posted more modest single-digit increases.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">No matter which way the S&amp;P 500 Index goes after a tumultuous month, options volatility looks to be headed higher. <a href=\"https:\/\/t.co\/2U9wka5tr1\">https:\/\/t.co\/2U9wka5tr1<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1987522740388000223?ref_src=twsrc%5Etfw\">November 9, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Still, projections for the final quarter of the year suggest some cooling ahead. Earnings growth is expected to ease to around 7-8%, with revenue growth moderating to about 7.1%. Analysts are pencilling in 11.6% full-year EPS growth for 2025, though the slower pace heading into year-end reflects more cautious forward guidance.<\/p>\n\n\n\n<p>Roughly 58% of companies providing Q4 outlooks have trimmed their expectations, a pattern consistent with past years.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Valuations Stretched As Risks Mount<\/h2>\n\n\n\n<p>The forward price-to-earnings (PE) ratio of the S&amp;P 500 stands at around 22.7, notably higher than the five-year average of 20. This elevated valuation suggests continued confidence that robust profit margins will hold, yet with margins already hovering near post-pandemic highs of 13%, there is limited scope for further expansion.<\/p>\n\n\n\n<p>If upcoming inflation figures remain stubbornly above the 3% annual mark, markets may begin to rethink the timing of Federal Reserve rate cuts, which could weigh on stretched valuations. On the other hand, a softer CPI reading might revive risk appetite and sustain momentum in technology and cyclical sectors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Market Movements of the Week<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">S&amp;P 500 (SPX)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.vtmarketsmy.com\/wp-content\/uploads\/2025\/11\/sp500-10-nov.png\" alt=\"sp500\" class=\"wp-image-32228\" \/><\/figure>\n\n\n\n<p>\u2013 The index extended gains after strong earnings, testing near-term resistance around 6,810.<br>\u2013 Sustained strength above this level could open the way toward 6,900, while initial support sits near 6,640.<br>\u2013 Traders should watch CPI results for confirmation of sentiment direction.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Gold (XAUUSD)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.vtmarketsmy.com\/wp-content\/uploads\/2025\/11\/xauusd-10-nov.png\" alt=\"xauusd\" class=\"wp-image-32229\" \/><\/figure>\n\n\n\n<p>\u2013 Gold remains range-bound near $4,000, consolidating after the rally from last week.<br>\u2013 Bearish price action may emerge near $4,070 or $4,120.<br>\u2013 A weak CPI print could lift gold as the dollar softens.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">GBPUSD<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.vtmarketsmy.com\/wp-content\/uploads\/2025\/11\/gbpusd-10-nov.png\" alt=\"gbpusd\" class=\"wp-image-32230\" \/><\/figure>\n\n\n\n<p>\u2013 Cable traded above 1.3120, with potential consolidation around 1.3100.<br>\u2013 UK upcoming GDP and CPI could set the tone on the short-term bias of the British pound.<br>\u2013 Bullish momentum holds if prices sustain above 1.3225.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Bitcoin (BTCUSD)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.vtmarketsmy.com\/wp-content\/uploads\/2025\/11\/btc-10-nov.png\" alt=\"btcusd\" class=\"wp-image-32238\" \/><\/figure>\n\n\n\n<p>\u2013 Bitcoin rebounded from $100,770, eyeing $104,552 resistance.<br>\u2013 A clean break above that level could lead to a correction before further upside.<br>\u2013 Watch for risk-on cues following CPI data for volatility spikes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Key Events This Week<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">13 November: US CPI y\/y, Forecast: NA, Previous: 3.00%<\/h3>\n\n\n\n<p>Inflation remains in focus for Fed policy outlook. A softer print could reinforce rate-cut expectations.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">14 November: US PPI m\/m<\/h3>\n\n\n\n<p>Tentative release; traders watching for producer-cost trends feeding into consumer inflation.<\/p>\n\n\n\n<p>For a full view of upcoming economic events, check out the\u00a0<a href=\"https:\/\/www.vtmarkets.net\/economic-calendar\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Economic Calendar<\/a> by VT Markets.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Market Snapshot<\/h2>\n\n\n\n<p>The recent rally of the S&amp;P 500 has been fuelled by a strong earnings season, but with valuations running hot and key inflation data due, traders are bracing for potential volatility. The upcoming CPI and PPI releases could determine whether optimism over corporate profits is enough to counter lingering concerns about interest rates, or if lofty valuations start to curb enthusiasm.<\/p>\n\n\n\n<p>Should inflation remain subdued, risk sentiment could stay buoyant into year-end, keeping tech and financials in favour. A hotter reading, however, might quickly change the tone, boosting the US dollar and prompting market participants to reassess their equity exposure ahead of key policy meetings in December.<\/p>\n\n\n\n<p>Click\u00a0<a href=\"https:\/\/www.vtmarkets.net\/trade-now\/?utm_campaign=account_c&amp;utm_source=market_forecast&amp;utm_medium=website\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>\u00a0to open account and start trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The four-quarter winning streak of the S&amp;P 500 has kept the bulls in control, but inflation data this week could prove a crucial test of whether that momentum still has legs. With nearly all companies in the S&amp;P 500 having reported their third-quarter results, overall earnings are up about 13.1% year on year, far surpassing <a href=\"https:\/\/www.vtmarkets.com\/pl-eu\/featured\/week-ahead-will-the-momentum-of-sp-500-hold\/\" class=\"read-more\">Continue Reading<\/a><\/p>\n","protected":false},"author":2,"featured_media":48366,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12,28],"tags":[],"class_list":["post-30304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-week_ahead"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/posts\/30304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/comments?post=30304"}],"version-history":[{"count":1,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/posts\/30304\/revisions"}],"predecessor-version":[{"id":43601,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/posts\/30304\/revisions\/43601"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/media\/48366"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/media?parent=30304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/categories?post=30304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/pl-eu\/wp-json\/wp\/v2\/tags?post=30304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}