To The Moon

14/12(Thu) ➡️ The VIX slided🛝 by another 6.25% after slipping 9.8% yesterday suggesting investor fear has gone down significantly, however the indexes declined😦🤔 The DJIA, S&P 500, & Nasdaq all closed lower at 0.42%, 0.61%, & 0.76% after the highly anticipated rate announcement & Powell’s 🎤 🫠🫠 confirmed the 🐻🐻🐻’s sentiments & poured cold water💦💦💦 over the 🐂🐂🐂‘s optimism. $S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $Nasdaq100 Bull 3X ETF(TQQQ)$ 

Here’s what happened:

🔎🔎🔎 Rate Hike & Powell’s 🎤:

The Fed raised the fed funds rate by the expected 50bps to 4.25%-4.5% yesterday pushing borrowing costs to the highest level since 2007🔥🥵🥵🥵🔥

⚠️ Policymakers reinforced that ongoing hikes in the target range will be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2%.

‼️ The Fed now expects interest rates to reach 5.1% next year, 4.1% in 2024, & 3.1% in 2025, a higher level than previously indicated😰🥵

⚠️ Inflation forecasts were revised higher for 2022 (5.6% vs 5.4%), 2023 (3.1% vs 2.8%) and 2024 (2.5% vs 2.3%)

‼️ GDP growth projections were revised higher for this year (0.5% vs 0.2%) BUT lowered for 2023 (0.5% vs 1.2%) and 2024 (1.6% vs 1.7%).

Sector-Stock trend analysis:

(1) Popular tech stocks slided🛝 with the exception of MSFT & META $Microsoft(MSFT)$ 

(2) Popular chip stocks all declined with AMD being the biggest loser $Advanced Micro Devices(AMD)$ 

(3) Popular 🇨🇳 stocks mostly stayed 🛟🛟🛟, with BILI edging up the most❣️

(4) On the EV front, TSLA hit its 3rd 2-Year Low this week at $155.31 🐻🐻🐻 & other EV fell along. Investors’ favourite XPEV & NIO fell again.

‼️ Nov Retail Sales & Dec Initial Jobless Claims will be out on 15/12, 9.30pm SG⏰ These 2 results will likely direct how the market will close tonight. Fellow 🐯🐯🐯, do you think the Santa rally will be cancelled this year❓Love a convo so do share your thoughts in the comments section❣️ Please help to click on the “Like” & “Share/Repost” buttons at the bottom right corner so that more 🐯🐯🐯 can access this information, many thanks🤗🥰

As usual-🤔💭 Consider POV & Actions of investors + 👩🏻‍💻👨🏻‍💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰

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