US Interest To Rise In July & Tesla Gets Downgraded.
@JC888:
As forecasted in my ytd post - In Investment, When In Doubt - Pause!, Mr Powell session with the House Financial Services was indeed anchored on the “interest rate” topic. Fed Chair Jerome Powell affirmed that interest rates will continue to increase in his testimony. With the cat out of the bag, US market reacted to Mr Powell’s remarks. They did not like what they hear. All 3 composite index fell: DJIA : -0.30% (-102.35 to 33,951.52). S&P 500 : -0.52% (-23.02 to 4,365.69). Nasdaq : -1.21% (-165.09 to 13,502.20). Worst performing index. Fed's dot plot Looking at the Fed’s latest dot plot, many believed an interest hike in as early as July seems plausible. With a +0