TSLA
Tesla
-- 422.633 NVDA
NVIDIA
-- 136.180 PLTR
Palantir
-- 78.040 RGTI
Rigetti Computing
-- 11.0800 AMD
Advanced Micro Devices
-- 124.610 
Let me explain this a bit
$NVIDIA (NVDA.US)$ 50 point cut is beneficial for the economy as it aligns with the labour market as well as unemployment. if it was a 25 point then tech stocks would have plummeted as investors would be worried about cutting too slow. this is essential and good for the economy so business can take out more loans and increased productivity. the s&p will likely breakout above 5750 tonight. this bullish trend may stop half way across October due to recession fears and it definitely exists ,however economic datas lately had proven it is not yet at the tipping point and it's not too bad.
following precedent cases, the US stock market has not been done in years where a presidential election is happening, you can refer to what happened in 2007, it went up the first month after the cut. and the data provided back then was way worse, unemployment was 4.7% compared to 4.2% now
following precedent cases, the US stock market has not been done in years where a presidential election is happening, you can refer to what happened in 2007, it went up the first month after the cut. and the data provided back then was way worse, unemployment was 4.7% compared to 4.2% now
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104653059 : haha they kept changing. weeks ago, many experts were saying opposite. 25 is beneficial but 50 is detrimental. but looking at the stick marker reaction, seems like 50 is more welcome.
pootpoot : well I've studied the past datas. it seemed that why after certain rate cuts, the market went into recession after a couple of months. apparently gdp was declining and unemployment jobless claims went up. I would think that until a few months of stable data, don't think we are entirely out of the woods yet.
Chong W : Didn't Bao say that interest rates can change at any time?
Ming1314 OP pootpoot : yes that's true, what I am saying is this is very similar to 2007, the market went up one month after, but later in 2008 we had a recession
Ming1314 OP Ming1314 OP : also if you look at what happened after 50 points cut on a month historically it makes more sense
pootpoot Ming1314 OP : well maybe one of the reason for the extreme measures is also because president election is coming.. it will look bad if the new president took over with recession![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Ming1314 OP pootpoot : it's possible haha
Master Corgi : It’s a guessing game now for what’s to come during the next rate cut
DLLM167 : Only stupid will use full power to increase production line to produce more products right now. You produce so many products right now who buy? Are you serious?
Only good thing for cutting rate is helping company to cut the cost when they borrow money.