Bounce
Market rebounded for 3 consecutive days after 3 straight months of losses as the Fed paused their rate hike campaign this month (as expected)
When probed about his previous projection of 1 more rate hike this year, Powell said that was "not a promise or plan of the future." This is dovish to me.
Treasury yields fell yesterday, which further boosted the market.
Technical wise, SPY has reclaimed 420 and 200 moving average. Unless SPY falls back below these 2 levels, it’s looking positive now for the broader market.
When probed about his previous projection of 1 more rate hike this year, Powell said that was "not a promise or plan of the future." This is dovish to me.
Treasury yields fell yesterday, which further boosted the market.
Technical wise, SPY has reclaimed 420 and 200 moving average. Unless SPY falls back below these 2 levels, it’s looking positive now for the broader market.
$Tesla(TSLA.US$ $Meta Platforms(META.US$ $Amazon(AMZN.US$ $Apple(AAPL.US$ $Advanced Micro Devices(AMD.US$ $Netflix(NFLX.US$ $Microsoft(MSFT.US$ $CSOP USD Money Market Fund(SGXZ96797238.MF$ $Snowflake(SNOW.US$ $ARK Innovation ETF(ARKK.US$ $Tuttle Capital Short Innovation ETF(SARK.US$ $Zoom Video Communications(ZM.US$ $Roku Inc(ROKU.US$ $Block(SQ.US$
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