Market is pleased
Looks like market is pleased with Powell has said, and that 25 bps rate hikes is as per expectation
$SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $Tesla(TSLA.US$ $Apple(AAPL.US$ $Amazon(AMZN.US$ $NVIDIA(NVDA.US$ $Meta Platforms(META.US$ $Salesforce(CRM.US$ $Nike(NKE.US$ $Intel(INTC.US$ $Netflix(NFLX.US$ $Disney(DIS.US$ $E-mini S&P 500 Futures(JUN4)(ESmain.US$ $KBW Nasdaq Bank Index(.BKX.US$ $First Republic Bank(FRC.US$ $Direxion Daily S&P 500 Bear 3X Shares ETF(SPXS.US$ $USD(USDindex.FX$ $Spotify Technology(SPOT.US$ $Vanguard Information Technology ETF(VGT.US$ $ARK Innovation ETF(ARKK.US$ $Palantir(PLTR.US$ $Sea(SE.US$ $AT&T(T.US$ $Visa(V.US$ $PayPal(PYPL.US$ $MasterCard(MA.US$ $Digital World Acquisition Corp(DWAC.US$ $ProShares UltraPro Short S&P500 ETF(SPXU.US$ $Johnson & Johnson(JNJ.US$ $Johnson Controls(JCI.US$ $NASDAQ 100 Index(.NDX.US$ $NIO Inc(NIO.US$
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Seraphicall : This is getting worse, with the inflation still at high.
williamlow85 : I think holding the stocks is better than timing it
Cow Moo-neyOP williamlow85: Yup definitely
Cow Moo-neyOP Seraphicall: Yeah, Fed still has inflation to fight