To The Moon

U.S. stocks opened higher and lower on Thursday, with financials and airlines weaker, as the fear gauge, the VIX, surged the most since May.The Dow snapped a 13-session winning streak, while the S&P and S&P fell more than 0.5 percent and the Dow bucked the trend, rising 1.86 percent. The 10-year Treasury yield hit 4 percent and the yen rose.After the Fed raised interest rates by 25 basis points on Wednesday as expected, the European Central Bank announced on Thursday to raise three main interest rates by 25 basis points, of which the most important deposit rate increased to 3.75%, reaching a new high since 2001, European Central Bank President Christine Lagarde said at the press conference after the meeting that the future interest rate decision is determined by economic data.Micro

As anticipated, everyone was waiting for the 2:30pm press conference on Wed, 26 Jul. US market was trading sideways in the morning; spiking at 2:30pm when the FOMC press conference started. As the press conference progresses, market began to dip when there was no clear signal that the Fed will halt further interest hike. By the time market closed for the day. DJIA: +0.23% (+82.05 to 35,520.12). S&P 500: -0.02% (-0.71 to 4,566.75). Nasdaq: -0.12% (-17.27 to 14,127.28). Gist of Mr Powell’s Press Conference "The process of getting inflation back down to 2% has a long way to go," said Mr Powell. “Bringing down inflation is likely to require a period of below-trend growth and some softening of labor market conditions", he further added. Lastly, Mr Powell added “The central bank had not

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