Bootrade
2023-02-03

Most tech stocks has drop 70% or more during aggressive rate hikes. Federal Reserve has finally given the market to push recoup losses during 2022. Federal Reserve will re-decide ideal rate hike for 2023, 2024 and 2025 during the March meeting. Slower GDP growth,mortgages and inflation will consider for the estimates in March. I personally do not think blown off top is possible in this rally as rate hike will not pause/lowered. Recouping 50% of 70% drop is possible in the short term. NFP, lower inflation data and GDP growth have to be considered. 

$Tesla Motors(TSLA)$ $SPDR S&P 500 ETF Trust(SPY)$ $Palantir Technologies Inc.(PLTR)$ 

How to Interpret Powell's Testimony?
Federal Reserve Chairman Jerome Powell is scheduled to testify before Congress on 7th and 8th March. Powell on Tuesday cautioned that interest rates are likely to head higher than central bank policymakers had expected. The stock market plunged after his speech. Some investors argue that the market is over-reacting. --------- [Topic] How do you interpret Powell's testimony? How do you expect Powell's testimony tonight? How will the testimony affect rate hike expectations?
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