๐ฅKey events in the coming week, share your trading plans!
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Meanwhile, we will be listing the stocks mentioned by those selected Tigers for your reference every day (not investment advice though)
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[Winners Announcement: 22 Sep]
1.Here are the 8 Tigers whose post has the best quality & interaction last Friday: @TigerOptions @nerdbull1669 @JC888 @koolgal @pekss @Asphen @ngph @JinHan
Congratulations on being offered 50 Tiger Coins!โ
Can Microsoft Overtake Apple to Be The Most Valuable US Stock?
Seizing Opportunity Amid Market Volatility: A Long-Term Investorโs Approach
2.Here are the stocks mentioned by the above Tigers: $NVIDIA Corp(NVDA)$ $Amazon.com(AMZN)$ $Apple(AAPL)$ $Microsoft(MSFT)$ $Palantir Technologies Inc.(PLTR)$ (Not investment advice)
And let's congratulate these Tigers for winning 5-40 Coins:
Below are Today's Key Takeaways.
Top News Move the Market
Weekly Hot Stocks
โญFor The Daily Most Active Stocks in S&P 500 & The Top 10 Popular Stcocks on WallStreetBets please turn to @TigerObserver
โGlobal Markets Weekly Update
The major U.S. equity benchmarks declined for the week as investors reacted to hawkish forecasts from the Federal Reserveโs latest meeting and rising U.S. Treasury yields. The S&P 500 Index recorded its largest one-day loss in six months on Thursday on its way to a third-straight losing week.
As expected, the Fed left its short-term lending benchmark at a target range of 5.25% to 5.50%, the level set at the previous meeting in July, and its updated Summary of Economic Predictions continued to show one more rate hike in 2023. However, policymakers surprised markets with an outlook for rates in 2024 that was notably higher than expected, and their rate prediction for 2025 also increased. In addition, the central bank raised its growth forecast, an acknowledgment that the economy has been more resilient than expected.
The prospect of the Fed keeping short-term rates higher for longer along with healthy economic growth signals helped send longer-term U.S. Treasury yields higher, with the benchmark 10-year U.S. Treasury yield reaching a 16-year high. (Bond prices and yields move in opposite directions.) Yields on AAA rated municipal bonds moved sharply higher alongside weakness in the Treasury market as investors priced in a higher rate regime.
Futures & Commodities
WTI eyes more upside above $91.00 as global rate-hike cycle to pause soon.
The oil price sets for further recovery as investors see the global rate-tightening cycle concluding sooner. Deepening supply concerns due to supply cuts from Russia and Saudi Arabia have kept oil bulls in the driving seat. Investors await global PMI data for further guidance on the oil price.
The week ahead : September 25-29
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