ali vs powell

$Alibaba(BABA.US)$ and gang are very sensitive to fed interest rate. from the chart, you can observe that once fed interest rate hits 0.5% the stocks tanked.

$U.S. 2-Year Treasury Notes Yield(US2Y.BD)$ is very sensitive to fed interest rate and is forward looking, it has already priced in 4.5% of interest rate hike and it is still pushing higher. this in turn strengthens usd and create havoc around the world especially asian currencies.

$Hang Seng Index(800000.HK)$ correlates with sgdhkd very well. maybe because of their history together, businesses denominated in sgd because of stability and strength. the impending rate hike in nov 2 will cause sgd to weaken and hence sgdhkd to trend down. in turn, hsi will also trend down. ali and gang will be pulled down by hk tech sell off. bear in mind that the fed is still hawkish, whether they decide to hike 50 bps or 75 bps in dec is still hawkish. fed will most likely pause rate hikes only in 2023.