10 days into May and we are seeing the stock market rebounding from Apr’s pullback. This is likely because we had a few economic data that favours a faster rate cut this year.
On top of that, many big tech companies have reported decent earnings, which kind of show that they can still survive under high interest rate environment
$SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $Invesco QQQ Trust(QQQ.US$ $Tesla(TSLA.US$ $Apple(AAPL.US$ $NVIDIA(NVDA.US$ $Amazon(AMZN.US$ $Palantir(PLTR.US$ $Coinbase(COIN.US$
On top of that, many big tech companies have reported decent earnings, which kind of show that they can still survive under high interest rate environment
$SPDR S&P 500 ETF(SPY.US$ $S&P 500 Index(.SPX.US$ $Invesco QQQ Trust(QQQ.US$ $Tesla(TSLA.US$ $Apple(AAPL.US$ $NVIDIA(NVDA.US$ $Amazon(AMZN.US$ $Palantir(PLTR.US$ $Coinbase(COIN.US$
From YouTube
Weekly jobless claims came in hot - the highest level since August last year. This data basically echoed last Friday’s jobs reports.
As a result of this data, yields dropped and expectations that the Fed may cut more interest rates this year rose.
This may be a small good news for the market, but I am not expecting any sort of big movement today or even tomorrow.
$Tesla(TSLA.US$ $Apple(AAPL.US$ $SPDR S&P 500 ETF(SPY.US$ $Invesco QQQ Trust(QQQ.US$ $S&P 500 Index(.SPX.US$ $NVIDIA(NVDA.US$ $Amazon(AMZN.US$ $Netflix(NFLX.US$ $Microsoft(MSFT.US$ $Alphabet-C(GOOG.US$ $Meta Platforms(META.US$
As a result of this data, yields dropped and expectations that the Fed may cut more interest rates this year rose.
This may be a small good news for the market, but I am not expecting any sort of big movement today or even tomorrow.
$Tesla(TSLA.US$ $Apple(AAPL.US$ $SPDR S&P 500 ETF(SPY.US$ $Invesco QQQ Trust(QQQ.US$ $S&P 500 Index(.SPX.US$ $NVIDIA(NVDA.US$ $Amazon(AMZN.US$ $Netflix(NFLX.US$ $Microsoft(MSFT.US$ $Alphabet-C(GOOG.US$ $Meta Platforms(META.US$
From YouTube
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Wed’s market was flat with S&P500 and Nasdaq closed the day near flatline. Both bulls and bears are lacking catalyst to push the market in the direction they want.
We are in a little consolidation phase. But be aware that when we break out of a consolidation period, the next movement could be wild and huge.
$JPMorgan(JPM.US$ $Goldman Sachs(GS.US$ $ProShares Ultra VIX Short-Term Futures ETF(UVXY.US$ $SPDR Gold ETF(GLD.US$ $iShares 20+ Year Treasury Bond ETF(TLT.US$ $USD(USDindex.FX$ $Unity Software(U.US$
We are in a little consolidation phase. But be aware that when we break out of a consolidation period, the next movement could be wild and huge.
$JPMorgan(JPM.US$ $Goldman Sachs(GS.US$ $ProShares Ultra VIX Short-Term Futures ETF(UVXY.US$ $SPDR Gold ETF(GLD.US$ $iShares 20+ Year Treasury Bond ETF(TLT.US$ $USD(USDindex.FX$ $Unity Software(U.US$