To The Moon

Hi, Tigers!

Welcome to Daily Discussion! This is the place for you to share your trading ideas and win coins!

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[Rewards]

1. You will be given 100 Tiger Coins according to the quality & interaction of the post

(NOTE: Comments posted under this article WILL NOT be counted)

      2.You will be given10 Tiger coins if you tag more than 3 friends in the comment area

Meanwhile, we will be listing the stocks mentioned by those selected Tigers for your reference every day (not investment advice though)

Is there anything you would like to share about your trades today?

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[Winners Announcement: 17thJune]

1.Here are the 13 Tigers whose post has the best quality & interaction yesterday:@Ron18 @Lionel8383 @koolgal @TechnicalMaster @iceflower @Omega88 @HelenJanet @Big Cat@Forexbae @Bunifa Latif@Huat99 @JC888 @Ultrahisham

Congratulations on being offered 100 Tiger Coins!

iShares Biotechnology ETF

In Pictures: 3 Possible Trends of SPX & 3 Ways to Lower Risk

Losing its value now?

The market has been very bearish yesterday

thoughts on Singtel?

2.Here are the stocks mentioned by the above Tigers: $UNUSUAL LIMITED(1D1.SI)$ $Amgen(AMGN)$ $iShares Biotechnology ETF(IBB)$ $Nasdaq 100 Trust(QQQ)$ $Cboe Volatility Index(VIX)$ $SPDR S&P 500 ETF Trust(SPY)$ $SINGAPORE EXCHANGE LIMITED(S68.SI)$ $GameStop(GME)$ $Twitter(TWTR)$ $Singtel 5xShortSG230713(DKMW.SI)$ $Estee Lauder(EL)$ $Alibaba(BABA)$ (Not investment advice)

And let's congratulate these Tigers for winning 10-50 Coins:@Investforget @CYKuan @TinyTiger @kianweiting @pekss @TWJ84 @StarLuck@StickyRice

Below are Today's Key Takeaways.

Top News Move the Market

Global Markets Weekly Update

• The Federal Reserve’s most aggressive rate hike since 1994 raised recession fears and sent stocks sharply lower for a second consecutive week. The S&P 500 Index recorded its worst weekly decline since March 2020 and entered a bear market, ending the week nearly 24% below its January peak. Meanwhile, the percentage of S&P 500 members that were trading above their 50-day moving average sank below 5% during the week, the lowest level since pandemic fears battered shares more than two years ago.
• On Monday, T. Rowe Price traders noted two other negative multiyear thresholds: Every member of the S&P 500 was in negative territory at one point, something that hasn’t happened since at least 1996, while the NYSE advance/decline ratio was the most negative it has been since 2007.
• Retail sales data, reported Wednesday, further stoked recession fears. Overall sales fell 0.3% in May, dragged lower by a sharp decline in auto purchases, which partly reflected higher rates on car loans. Sales excluding autos also surprised on the downside, however, rising only 0.5% versus consensus expectations of around 0.8%. Excluding gasoline, sales rose only 0.1%. The data confirmed that consumers were buying less in real terms given the higher year-over-year increase in consumer inflation (8.6%) than in non-inflation-adjusted retail sales (8.1%).

The week ahead:June 20-24

Economic calendar

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