To The Moon

The 🇺🇸 market welcomed the minutes and rallied after its release despite a cautious sell-off just before the FOMC minutes were released. 🇺🇸 Market rally on slowing rate increase and higher terminal fund rate yesterday (23/11) ➡️ I expect SGX🇸🇬 ASX🇦🇺 & HKEX🇭🇰 to follow the uptrend today and tomorrow🐂🐂🐂 

$NASDAQ(.IXIC)$ $TQQQ(TQQQ)$ $S&P 500(.SPX)$ $Straits Times Index(STI.SI)$ $S&P/ASX 200(XJO.AU)$ 

1-2 Nov FOMC minutes showed that:

(1) Majority of Fed officials deemed a slowing in the pace of the fed funds rate increase would likely soon be appropriate, so as to meet the Committee’s goal of maximum employment and price stability🥳🥳🥳

(2) Policymakers also noted that with inflation showing little sign of abating, and with supply and demand imbalances in the economy persisting, the ultimate level of the federal funds rate that would be necessary to achieve the Committee's goals was somewhat higher than they had previously expected😕

(3) Fed raised the target range for the federal funds rate by 75bps to 3.75%-4% during its Nov 2022 meeting, marking a sixth consecutive rate hike and the 4th straight 75bps increase, pushing borrowing costs to a new high since 2008😨

🤔💭My Thoughts:

⭐️ Markets have priced in higher terminal fund rates but expect a 50bps increase in Dec and 🐂🐂🐂 are stepping in🥳 so a recovery might be building IF all things remain calm with no new macro threats.

⭐️ Chip and badly beaten Tech sectors are definitely worth investing💪💪💪

⭐️ VIX has come down a lot to almost 20. The last time it hovered at this value was the start of the Nasdaq and S&P 500 rallying🥳🥳🥳 so I expect the rally to continue on Friday.

Do share your thoughts in the comments section and please help to click on the “Like” and “Share/Repost” buttons, so that more 🐯🐯🐯 can access this information, many thanks🤗🥰

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

Source Websites: Trading Economics 

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