@ZEROHERO:$SPDR S&P 500 ETF Trust(SPY)$ 8.2% profit before Friday's reversal. Market has been up one day & day the next day. Can this be considered as a new trading strategy going into FOMC week? No prize in guessing Monday's market direction 😂 World’s Biggest ETF Adds $7.3 Billion in Day After Bank Rescues SPY saw its biggest inflow since the vaccine news hit in 2020 and its sixth biggest over the last decade. Moves to shore up banking system help settle nervous market. Major financial sector funds XLF, KRE also post big inflows.  - The recent downward volatility of bank shares is largely an overreaction to isolated events. Bank insiders seem to agree as they are buyin

@onlyYou:U.S. stocks tumbled Friday after the Federal Reserve's most closely watched inflation measure came in stronger than expected, in another sign that price pressures have become sticky into 2023. The S&P 500 (^GSPC) sank 1.1%, while the Dow Jones Industrial Average (^DJI) plopped more than 300 points, or 1%. The technology-heavy Nasdaq Composite (^IXIC) slid 1.7%. Friday marked the worst week for the S&P 500 and Nasdaq since December. U.S. Treasury yields scrambled higher following the reading. The 2-year note surged 12 basis points to 4.81% while the 10-year note gained 7 basis points to top 3.95%. The Personal Consumption Expenditures (PCE) price index — the Fed's preferred assessment of how quickly prices are rising across the economy — rose 0.6% in January and 5.4% from last year.