NVDA
NVIDIA
-- 126.630 TSLA
Tesla
-- 302.800 SMCI
Super Micro Computer
-- 45.540 PLTR
Palantir
-- 87.840 HIMS
Hims & Hers Health
-- 39.860 
Market expecting a HALT on rate hike
With the announcement on pause in rate hike last Wednesday after the FOMC meeting, there were few statements by Chair Powell during the press conference that indicated that the FED fund rate might be at its peak.
“The question we’re asking is , should we hike more ”
“The tight policy is putting downward pressure on economic activity and inflation, and the full effecgs of our tightening have yet to be felt”
Above are two statements made by Chair Powell that downplay the future rate hike.
On the other hand , gasoline price has been moving downward in October , which will be leading to a better CPI numbers.
Market is widely expecting and factoring in the fact that the tightening cycle is about to reach it’s destination , hence the equity market rebounded , coupling with the drop in Dollar index and Bond yield.
But please bear in mind , although the rate hike seems to come to and end , but the QT is still ongoing .
Do not blidnly chase
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