March Fed Meeting Interest Rates likely Unchanged - Stocks Double Whammy
$Tesla(TSLA.US$ $NIO Inc(NIO.US$ $XPeng(XPEV.US$ $BYD COMPANY(01211.HK$ The article reported that the U.S. Federal Reserve is likely to hold rates steady at the conclusion of its next meeting on March 20. If so, this would continue a recent run of meetings with the Fed leaving interest rates unchanged.
Currently, markets believe the first rate cut will most likely be in June, but it could be as early as May or as late as July. After the March meeting, the markets should have a more accurate view on both the timing of the first cut and how many cuts to expect in 2024.
Comment: Fed continues to pause interest rate is making some stocks very nervous which caused the shares prices to fall. EV stocks are badly hit by 2 negative news (double whammy)- first is Fed delay rate cut and second is China's economy slowdown which is killing demand.
Related articles:
Asian stocks slide as China sets 5% growth goal
Asian stocks slide as China sets 5% growth goal
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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ZnWCOP bull 007: You can read this post.
XPeng given "neutral" rating Target price down from $19 to $9 - JPMorgan Chase & Co
https://www.moomoo.com/community/feed/112047034531846?share_code=00KYh2
ZnWCOP bull 007: JP Morgan has given the answer. Ark Invest didn't even consider flying car a value and sold all Xpeng share:
https://www.moomoo.com/community/feed/110941882810374?share_code=00KYYv