Market on Dec 12, 2024

Daily Journal: US markets had a mixed session yesterday. Dow closed in red. Nasdaq in green. Futures are trading in red. US 10Y Bond Yield is at 4.2%. Brent Oil is at 73$. Dollar index jumps back above 106. Asian markets are mixed. Consider global cues as neutral for today. India's inflation data for November will be out today. This could be a small trigger for the markets. Nifty remains in consolidation. However there are good stock specific moves in the market. I think the main trigger for the markets now would be the upcoming Q3 results. If the companies start giving positive commentaries about the their upcoming numbers, market will start gaining strength. But if they warn that Q3 also will be slow like Q2 then markets may again turn weak in the short term.