Why Lucid Shares Are Diving
Why Lucid Shares Are Diving？
Overall market weakness and in possible reaction to Wednesday comments from Fed Chair Powell suggesting there could be a period of lower economic growth and as the broader market reacts to the Fed's decision to hike rates by 75 bps. An economic slowdown could drive consumers to cut back on discretionary spending.
The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 3% and 3.25%, its third 0.75% rate hike in four months.
"Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures," the Fed said in a statement.
Buy Lucid on the dip now?
$S&P 500 Index(.SPX.US$ $Invesco QQQ Trust(QQQ.US$ $Lucid Group(LCID.US$ $Costco(COST.US$ $Walmart(WMT.US$
Overall market weakness and in possible reaction to Wednesday comments from Fed Chair Powell suggesting there could be a period of lower economic growth and as the broader market reacts to the Fed's decision to hike rates by 75 bps. An economic slowdown could drive consumers to cut back on discretionary spending.
The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 3% and 3.25%, its third 0.75% rate hike in four months.
"Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures," the Fed said in a statement.
Buy Lucid on the dip now?
$S&P 500 Index(.SPX.US$ $Invesco QQQ Trust(QQQ.US$ $Lucid Group(LCID.US$ $Costco(COST.US$ $Walmart(WMT.US$
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