bs6969
2023-01-06

Fmoc minutes states that fed will continue to increase interest to 4.5% and the next one should bealso 0.5% 

I predict a peak of 6% is when market should be the lowest around April or June 

Stick to bank stocks , insurance and Singapore t bills 

Do feature me @TigerStars @TigerEvents @Daily_Discussion 

Here is the full link to the minutes 

https://www.federalreserve.gov/newsevents/pressreleases/monetary20221214a1.htm

In a related action, the Board of Governors of the Federal Reserve System voted unanimously to approve a 1/2 percentage point increase in the primary credit rate to 4.5 percent, effective December 15, 2022. In taking this action, the Board approved requests to establish that rate submitted by the Boards of Directors of the Federal Reserve Banks of Boston, New York, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco.

More dip after SPX falls below 4300?
S&P 500 closed at 4273.53, below the key support level of 4300; Nasdaq fell below 13100 yesterday. With two key indices falling below the support level, market begins to speculate for more declines. -------- Will the indices rebound? Or more declines ahead?
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