Premium Learn weekly review š¤Stable economy, rising risk appetite, higher interest rate expectations.
The U.S. economic data that came out this week showed strong resilience! Tuesday's "durable goods orders" in response to new corporate capital investment increased instead of declining, with May's 1.7% MoM increase better than the expected analysts forecast āstagnationā. New home sales surged 12.22% from a month ago, the largest increase in a year. Weekly initial jobless claims fell 26,000 from a year earlier, the biggest drop since October 2021.
The strong economic data has given the Fed more confidence to raise interest rates. On Wednesday, during a discussion on the European Forum panel, Powell hinted at the possibility of back-to-back rate hikes in July and September.
šRelated Knowledge Points The economy is resilient, which will affect rate hike expectations too high in the short term. However, in the long run, the negative effect of interest rate hikes will economic limited, the economy is expected to achieve a soft landing, which is conducive to the long-term health of the economy.
Half-year market performance
With the end of June, 2023 is also halfway through the year. In the moomoo community, there is half-year recap, and notably, many half-year lists that you can follow, including which sectors and stocks performed better?
Premium Learn-Three Black Crows
With the end of June, 2023 is also halfway through the year. In the moomoo community, there is half-year recap,
The Three Crows is a classic top reversal pattern. Three consecutive falling candlesticks are easy to identify. But when applying it, need pay more attention to the details of the confirmation:
1. the size of the body is relatively close, indicating that the short-side forces are stable continuation.
2. a very short lower shadow, indicating that in the sell-side forces continue to be strong, there is no situation of being pulled back by the long side.
1. the size of the body is relatively close, indicating that the short-side forces are stable continuation.
2. a very short lower shadow, indicating that in the sell-side forces continue to be strong, there is no situation of being pulled back by the long side.
Premium Learn-Growth Stock Picking Strategy: CANSLIM
"Growth stocks" may be one answer.
In bull markets, growth stocks tend to outperform value stocks, offering higher returns, as high-growth companies usually attract more attention and demand.
CANSLIM is a widely accepted method for picking growth stocks. It uses 7 indicators to quantify the screening through the company's fundamentals, technicals and market sentiment.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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