Market analysis- 09Sep2022
Market analysis 09Sep2022- CRITICAL level!
SPY is at the critical level, closed at $400.38! But this crossing is supported by the volume. From the volume analysis, there are 2 key observations:
i) The sell off because of Powell's very hawkish speech is ending. Suggesting the market has finally priced it in. This is a very important point, and I will explain later.
ii) Yesterday Powell was giving hawkish speech again.
-Federal Reserve Chair Jerome Powell said Thursday he is “strongly committed” to fighting inflation.
-The Fed has raised benchmark interest rates four times this year, with the fed funds rate now set in a range between 2.25%-2.50%.
-This was the Fed chief’s last publicly scheduled appearance before the central bank’s Sept. 20-21 meeting.
But the market not really reacting this time- this is why i said the market has priced in what he said during the jackson hole event.
This is indeed a good news. As I am still a firm believer that inflation was peaking, just need to prove it with the CPI data, which i am eager to look at it. Oh well, yes it may cause by the recession, but overall the job market and unemployment rate is still healthy, the recession could be the soft one.
This is indeed a good news. As I am still a firm believer that inflation was peaking, just need to prove it with the CPI data, which i am eager to look at it. Oh well, yes it may cause by the recession, but overall the job market and unemployment rate is still healthy, the recession could be the soft one.
Once the inflation is controlled and enter recession, what do you think FED will be doing? I will leave this to you. ![]()
$SPDR S&P 500 ETF (SPY.US)$
$SPDR S&P 500 ETF (SPY.US)$
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Violets : great post...broke it down. thank you. perhaps it is priced in now. I guess we will see on the 13 th.
HippoTrade : Alot of assumption here, will wait for the data.
JM investor OP HippoTrade : yes. 13sep!
JM investor OP Violets : yeah, shall see where are we now
Violets : I think the FED will continue to raise rates even after recession has set in
JM investor OP Violets : probably! coming weeks many big data let's see where we will be
Stockfishing : We are definitely not priced in. Had multiple rallies amidst the bear market.
JM investor OP Stockfishing : you may be right :) just follow the plan :)