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10/2: My View On Why Indexes Closed Down This Week & 🇺🇸Market-Stocks Overview🕵🏻‍♀️🕵🏻‍♂️

@LMSunshine
As per my analysis for of 7/2 (Tue), there was volatility for the rest of this week despite stocks ending higher on 7/2 after Powell’s speech🎤 Why I expected volatility is because there was no clear indication from the market on whether investors were fully 🐂-ish or 🐻-ish. Powell made his speech🎤 at 12.40pm UTC-5⏰ From the graph, we can tell that investors are indecisive about Powell’s message. At first, they were 🐂-ish, then 🐻-ish. My hypothesis is that after consecutive weeks of rally, the hedge funds are selling to profit-take ahead of the Jan CPI data release, leaving FOMO retail investors to buy the dip again. ➡️ I arrived at this hypothesis as Goldman Sachs noted that hedge funds exited many long positions in Asian developing markets & Chinese equities last week, leading to the HSI correction, so it’s likely that they would do the same for 🇺🇸 stocks given that it has had a nice run. 10/2(Fri) ➡️ The VIX dropped 0.87% but close at 20.53, which is above the 20-mark, suggesting that investors are starting to be cautious. The VIX crossing 20 is expected as Jan CPI data will be out on 14/2 (Tue). As can be seen from the graphs, market was volatile with multiple rises & dips. At close, the 🐂 managed to push through & the DJIA & S&P 500 closed 0.5% & 0.22% higher respectively but the Nasdaq ended lower by 0.61%. ➡️ Fall in Nasdaq this was first led by Alphabet on 8/1 when it’s AI🤖 chatbot, Bard made a mistake, causing it to fall more than 7% ➡️ Fed officials were hawkish again on 9/1🦅 ➡️ Megacap growth stocks came under pressure on 10/1 after Treasury yields pointed to higher interest rates & shares of ride-hailing firm Lyft plunged following a downbeat profit forecast. ⚠️ Yields on the benchmark 10-year Treasury note rose to their highest in more than a month❗️ ⚠️ Higher bond yields are going to more adversely affect the higher growth technology companies❗️$Microsoft(MSFT)$ $Tesla Motors(TSLA)$ $Alphabet(GOOG)$ $Amazon.com(AMZN)$ $Advanced Micro Devices(AMD)$ 🔎Sector-Stock Trend Analysis: (1) Popular tech stocks were a mixed bag of gainers & losers. (2) Popular chip stocks all dropped except TXN that inched 0.46% higher. (3) Popular 🇨🇳 stocks all dropped 1.52%-8.52%🐻🐻 (4) On the EV front, all dropped except GOEV that rose 3.61% Fellow 🐯🐯🐯, do watch👀 the Jan CPI data closely as markets will have a strong reaction to it😉 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
10/2: My View On Why Indexes Closed Down This Week & 🇺🇸Market-Stocks Overview🕵🏻‍♀️🕵🏻‍♂️

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