$SPY 20240920 565.0 CALL$ I closed a quick scalp on $SPDR S&P 500 ETF Trust(SPY)$ being the Bull I am. This is nuts 🤣 Powell is coming...this is 🥊 y!
They dumped it and then I was watching for the drop and pop again after the Fed and heading into Powell. What a crazy day! Will Powell have a purple tie on?
BREAKING: The S&P 500 rises to a new all time high after the Fed surprises markets and cuts rates by 50 basis points.
The index is now up a whopping 20% year-to-date.
The "Fed pivot" is here.
@Tiger_comments @Daily_Discussion @TigerStars @TigerPicks @Daily_Discussion @TigerGPT
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The SPDR S&P 500 ETF Trust (SPY) has been experiencing movement due to several factors.
Market Expectations: Investors are anticipating the Federal Reserve's monetary policy announcements, which are expected to include interest rate cuts. This has boosted investor confidence and led to a rally in equity indexes.
Conflicting Signals: There are conflicting signals from the equity and bond markets regarding the risk of a recession in 2025. While the S&P 500's rally suggests optimism for a "soft landing," the bond market's 2-10 yield spread turning positive and the recent rally in long-duration Treasuries indicate growing recession concerns. This conflicting information is contributing to market volatility.
All-Time High: The S&P 500 index has reached an all-time high, indicating positive investor sentiment and belief that the Federal Reserve will initiate interest rate cuts to support the economy.
Positive Economic Data: Encouraging economic data, such as solid retail sales, has also contributed to the positive market sentiment.
It's important to note that these factors are dynamic and can change rapidly. Traders and investors should closely monitor market developments and news to make informed decisions about their positions.
Risk Disclaimer: The provided information is for reference purposes only and does not constitute investment advice. Trading and investing in securities involves risk, and it's essential to conduct thorough research and analysis before making any investment decisions.
congratulations, BC 💜💜💜
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Wohuuuu
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