🔥Key events in the coming week, share your trading plans!
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- You will be given 100 Tiger Coins according to the quality & interaction of the post
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[Winners Announcement: 1st Jul]
1.Here are the 9 Tigers whose post has the best quality & interaction yesterday:@Bunifa Latif @MSing @JunioR @TinyTiger @JIAMU OWL @koolgal @Ultrahisham @Omega88 @Bonta
Congratulations on being offered 100 Tiger Coins!
bought some during the recent dip for long term purpose to cover back old losses.
There's a rally of more than 10% todayreaching $1.45 at peak. Appears to be short covering.
2..Here are the stocks mentioned by the above Tigers:$NVIDIA Corp(NVDA)$ $ProShares UltraPro 3x Crude Oil ETF(OILU)$ $S&P 500 Bear 3X ETF(SPXU)$ $Regis Resources Ltd(RRL.AU)$ (Not investment advice)
And let's congratulate these Tigers for winning 10-50 Coins:
Below are Today's Key Takeaways.
Top News Move the Market
Global Markets Weekly Update
- The major indexes surrendered a portion of the previous week’s strong gains, as worries grew that the Federal Reserve’s fight against inflation would push the economy into recession. The S&P 500 Index closed out its worst first half of the year since 1970, as was widely reported, although the decline was amplified by the index reaching its all-time high on January 3. Typically defensive segments within the index, such as utilities and consumer staples, held up best, while consumer discretionary and information technology shares were particularly weak. Markets were slated to be closed on Monday, July 4, in observance of the Independence Day holiday.
- High yield bonds traded lower along with equities. Our traders reported that buyers adjusting positions ahead of quarter-end and sellers raising cash drove most the market’s activity. One anticipated new deal was announced before the primary market shut down ahead of the holiday weekend, while the retail segment experienced weakness after a disappointing earnings report from Bed Bath & Beyond increased negative sentiment across the sector.
- Broad risk-off sentiment weighed on the performance of bank loans. Investors appear to be expecting a 75-basis-point (0.75 percentage point) rate hike at the late-July Federal Reserve meeting and then another 50-basis-point increase at the September meeting. Our traders noted that higher-rated loans held up better amid limited support for lower-quality paper. Negative flows from the asset class drove most of the loan market’s selling activity.
The week ahead:Jul 4 -8
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Thanks @Venus_M for tagging me in here[Heart] and sorry for tagging u guys, hope u don't mind🤭@zzzerozz @Kaixiang @MSing @MHh @acjk
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