Relief Day
Stocks opened broadly higher on Tuesday after the dollar and bond yields digested huge gains since the latest Federal Reserve meeting last week.
Comments from Chicago Federal Reserve President Charles Evans earlier today on CNBC that he is getting nervous about the Fed going too far, too fast may also be helping to buoy markets. Almost all the recent commentary from Fed officials has been hawkish.
Technically, the S&P 500 index is bouncing off its June 16 low of 3,666.
The views and opinions of Mooney Navigator are those of the author who is not an associated person of Moomoo Financial Inc. The view and opinions of the author do not reflect the views of Moomoo Financial Inc. or any of its affiliates. The views and opinions of the author are provided for informational purposes only, do not constitute a recommendation of an investment strategy or to buy, sell, or hold any investment in any form, and are not research reports and should not be used to serve as the basis for any investment decision. All investments involve risk including the loss of principal and past performance does not guarantee future results.
Technically, the S&P 500 index is bouncing off its June 16 low of 3,666.
The views and opinions of Mooney Navigator are those of the author who is not an associated person of Moomoo Financial Inc. The view and opinions of the author do not reflect the views of Moomoo Financial Inc. or any of its affiliates. The views and opinions of the author are provided for informational purposes only, do not constitute a recommendation of an investment strategy or to buy, sell, or hold any investment in any form, and are not research reports and should not be used to serve as the basis for any investment decision. All investments involve risk including the loss of principal and past performance does not guarantee future results.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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