Nice14/12: 🇺🇸 Rate Hike, Market & Stocks Overview🕵🏻♀️🕵🏻♂️
@LMSunshine: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 💵💰 @TigerStars @CaptainTiger @MillionaireTiger @Daily_Discussion
14/12: 🇺🇸 Rate Hike, Market & Stocks Overview🕵🏻♀️🕵🏻♂️Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.