Debt ceiling out, FOMC in
US market is expected to heave a sigh of relief tonight after US Congress finally approved to suspend the debt ceiling, after weeks of contention between the Republican and Democratic parties, avoiding a catastrophic default on US government bills that will be sure to plunge the US economy into a deep recession that may take years to recover.
With the debt overhang removed, the market’s attention is poised to return to the monetary policies by the Fed and its outlook on the economy after the next FOMC scheduled on June 13-14.
The market has been increasingly pricing in a pause in the interest rate hike after a number of bank failures that have reduced liquidity in the market, as banks seek to shore up their balance sheets and reduce exposures to risky loans, effectively aiding the Fed in its fight to rein in an overheated economy and stubbornly high inflation.
An end to the rate hikes will be good news to rate-sensitive growth stocks the likes of $Tesla Motors(TSLA)$
Riding on the recent euphoria on artificial intelligence, Tesla which has invested heavily on AI for autonomous driving is bound to attract increasing market interests, along with rising star Palantir that specialises in big data analytics as the company develops software to empower others to effectively integrate AI into their businesses and operations.
@TigerStars @TigerEvents @TigerWire @MillionaireTiger @CaptainTiger
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Think TSLA need some pullback I will buy some when it’s around 195
New 52 week high today! Debt ceiling deal is done, let's go!
I hope the Palantir management is not selling. 🤬
In the end: PLTR is already the preeminent AI and analytics behemoth in the world! Look for a share price North of $200 per share in the years to come.......if not sooner!
Great ariticle, would you like to share it?
So rough estimate but if PLTR had the same number of shares as C3 It would be a $272 stock. Not missing anything.
PLTR did an direct public offering and left the broker upset they didn’t do an IPO. This moved cost them mega money.
This stock 1 billion less shares than telsa and this will move faster and higher . May past 45 soon
pltr is gonna be a big time company.