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We had seen the stocks advanced on last Friday, fueled by the Thursday’s earnings release from $Apple(AAPL.US$ and the monthly jobs data that was released before the session opened.
The S&P 500 index gained 1.26% following a 0.9% advance on Thursday. The market was the highest since April as the index went back above the 5,100 level. Last night (Monday 06 May 2024, S&P 500 index gained another 1.03% following last week strong per...
The S&P 500 index gained 1.26% following a 0.9% advance on Thursday. The market was the highest since April as the index went back above the 5,100 level. Last night (Monday 06 May 2024, S&P 500 index gained another 1.03% following last week strong per...
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The US Federal Reserve Meeting decision reached a conclusion this morning, with interest rates remaining unchanged this May.
However, based on the CME FedWatch Tool and other analyst opinions, there is currently a 42.4% probability of the first rate cut coming during the September meeting.
While the markets have gone through a readjustment period due to uncertainty of whether or not there will be the three expected rate cuts t...
However, based on the CME FedWatch Tool and other analyst opinions, there is currently a 42.4% probability of the first rate cut coming during the September meeting.
While the markets have gone through a readjustment period due to uncertainty of whether or not there will be the three expected rate cuts t...
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Alright, so the bloody market had a bit of a rollercoaster ride today, mate. Started off in the green, but then it took a tumble back into the mixed bag it's been dishing out all day. This whole drama went down after the FOMC decided to keep their rates steady and old mate Jerome Powell had a yarn in his press conference.
The S&P 500 took a dip of 0.34%, Dow Jones went up a smidge by 0.23%, and Nasdaq didn't fare too well either...
The S&P 500 took a dip of 0.34%, Dow Jones went up a smidge by 0.23%, and Nasdaq didn't fare too well either...
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- Last week, top-line GDP growth fell to an almost two-year low last quarter as government’s initial estimates of GDP increased only at 1.6% annualized rate, lower than economists’ forecasts.
- Meanwhile, the core PCE price index for 1Q rose more-than-anticipated at 3.7% (vs 2.0% prior).
- Initial jobless claims were surprisingly low at 207k for week ending Apr 20 (vs 212k prior), indicating near-term labor market resilience. Continuing claims decreased ...
- Meanwhile, the core PCE price index for 1Q rose more-than-anticipated at 3.7% (vs 2.0% prior).
- Initial jobless claims were surprisingly low at 207k for week ending Apr 20 (vs 212k prior), indicating near-term labor market resilience. Continuing claims decreased ...
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Real GDP Came In At 1.6% vs 2.5% Expected 🤯
That's down from 3.4% in Q4.
And was the lowest reading in two years.
Core PCE also came in at 3.7 vs the forecast of 3.4%.
Inflation remains sticky.
$Vanguard S&P 500 ETF(VOO.US$ $SPDR S&P 500 ETF(SPY.US$ $Tesla(TSLA.US$ $Microsoft(MSFT.US$ $NVIDIA(NVDA.US$ $Amazon(AMZN.US$ $Apple(AAPL.US$
That's down from 3.4% in Q4.
And was the lowest reading in two years.
Core PCE also came in at 3.7 vs the forecast of 3.4%.
Inflation remains sticky.
$Vanguard S&P 500 ETF(VOO.US$ $SPDR S&P 500 ETF(SPY.US$ $Tesla(TSLA.US$ $Microsoft(MSFT.US$ $NVIDIA(NVDA.US$ $Amazon(AMZN.US$ $Apple(AAPL.US$
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$SPDR S&P Biotech ETF(XBI.US$
Assumptions: Overall market is stable and not turning into bear market; US economy no recession; Better to start rate cut in 2024.
$Nasdaq Composite Index(.IXIC.US$ $S&P 500 Index(.SPX.US$
Assumptions: Overall market is stable and not turning into bear market; US economy no recession; Better to start rate cut in 2024.
$Nasdaq Composite Index(.IXIC.US$ $S&P 500 Index(.SPX.US$
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With recent turbulent changes on the world stage, it is difficult to predict what may happen. Conflict in the Middle East continues to escalate, while the Horn of Africa faces severe humanitarian crises. The resurgence of left-wing politics in Latin America is met with right-wing opposition, and economic and security challenges in Asia present a shifting landscape. The ongoing conflict between Russia and Ukraine remains unresolve...
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$UOB(U11.SG$ glad to go in big on sg banks during 2020 crash. still good price to enter especially since fed might even increase rate now with geopolitical uncertainty potentially causing high crude oil price and very sticky inflation.
Market is currently repricing Fed expectation of rate cuts this year, especially after Powell’s hawkish remarks yesterday.
We have gone from an expectation of 6 rate cuts, to 3, to now where some are questioning whether would there even be a rate cut this year.
There are even people saying that we could have a rate hike instead.
Mind F at its best 😂
Anyway, there’s always 2 sides to a coin. If the interest rate remains high, investors can continue to milk some returns from money market ...
We have gone from an expectation of 6 rate cuts, to 3, to now where some are questioning whether would there even be a rate cut this year.
There are even people saying that we could have a rate hike instead.
Mind F at its best 😂
Anyway, there’s always 2 sides to a coin. If the interest rate remains high, investors can continue to milk some returns from money market ...
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