Weekly Buzz: Has Powell closed the door on early rate cut hopes?
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Weekly Buzz: Has Powell closed the door on early rate cut hopes?
Wall Street saw another dizzying week. As usual, the debate continued to focus on whether the US FED's rate hiking cycle is over, and if markets should now start pricing in cuts. However, these hopes were dampened on Thursday when Chair Powell came out to "close the f****** door" of early rate cuts, reiterating policymakers wouldn’t rush to declare an end to their historic interest rate increases until they see more evidence that inflation would go back down to their target. That ended the eight-session winning streak for the S&P 500 Index and the nine-day rally for the Nasdaq Composite. Well done!!
Adding to pressure on stocks is waning investor interest in Treasury bond auctions at a time when the US government is increasing its borrowings while one of its biggest buyers, the Fed, is paring down its holdings. That has helped sustain the rise in yields. Bad news has been viewed by markets as good news. This is the case because any signs of weakness in the economy could hurt consumer spending, helping bring inflation back down to the Fed’s 2% target. A recession may even move policymakers to start cutting interest rates, strengthening the case for owning stocks as a bet on economic recovery.
*Note: All contents such as comments and links posted or shared by users of the community are the opinion of the respective authors only and do not reflect the opinions, views, or positions of Moomoo Financial Inc., Moomoo Technologies, any affiliates, or any employees of MFI, MTI or its affiliates. Please consult with a qualified financial professional for your personal financial planning and tax situations.
*This list is provided for informational purposes only and is not investment advice or a recommendation of any security or investment strategy. You should not buy or sell any security on this list without first determining if it's appropriate for your portfolio or strategy by taking into account your financial situations and personal objectives. The past performance does not guarantee future results. This list only includes stocks.
Let's dive into the weekly buzzing stock list this week:
In recent news: Tesla seems to be exploring new ways to sell cars. What investors should make of that isn't clear.
@Mangekyo Longringan: Stupid elon, If he keep his mouth shut, tesla maybe $400 now
In recent news: AMC Entertainment shares are trading lower by 7.5% to $8.06 Friday afternoon on continued weakness after the company recently reported third-quarter financial results and announced a $350 million at-the-market offering.
@Broset311: ive spent all my money on women booze and amc stock and wastedthe rest paying bills
In recent news: Apple is reportedly developing a next-generation Siri assistant that will feature on-device artificial intelligence (AI) capabilities, according to rumors swirling in the tech community. Reliable leaker Revegnus suggests that Apple is working on revamping Siri to become the ultimate virtual assistant by integrating a large language model (LLM).
@LeCedric: Great rally for the weekend
In recent news: On Oct. 30, MSP Recovery announced it is now in compliance with all applicable Nasdaq listing standards, per a correspondence it received from Nasdaq on Oct. 27, allowing the company's Class A common stock to continue to be listed and traded on the exchange.
@AmyNic: If you are in this make sure you set a stop loss or have a mental stop.
In recent news: NIO CEO says still "debating" 2025 entry in north America; considering "any kind of partnerships" in north America; NIO needs to build infrastructure before bringing electric vehicles to north America.
@一步一步往上爬 : 除非地震车厂塌了，不然老子不会卖的！ 继续买！
In recent news: After U.S. restrictions cut off chips that Nvidia had previously developed for the market, the company told distributors in China early this week that three new chips could become available as soon as the end of this year, according to people briefed on the matter.
@Bertramie: It is putting AI across all product lines and will strengthen cooperation with Chinese companies in three major areas.
In recent news: Singapore Airlines Limited just beat analyst forecasts, and analysts have been updating their predictions.
@明 Meng: What to expect from Singapore Airlines? All the super good news, good results and low oil price, not much up. Slight bad news, nose dive.
In recent news: Meta debuted a feature that lets users connect their Facebook and Instagram accounts to Amazon so they can more easily buy goods promoted on their feeds. “For the first time, customers will be able to shop Amazon’s Facebook and Instagram ads and check out with Amazon without leaving the social media apps,” Amazon said.
@72897247: 150 is coming up soon and this healthy pull back will help us stay going up going.
In recent news: For three consecutive weeks, the Redmond, Washington-based company has been on an upward climb, with its stock closing in the green in 13 of the past 15 sessions.
@In One Chart: How Do Tech Giants Make Their Billions?
In recent news: Xpeng earlier this month reported deliveries of 20,002 vehicles in October, including 8,741 for the new SUV G6. The EV maker didn't provide deliveries for its other models, but they're available now.
@bullrider_21: Xpeng launches LFP battery-equipped variants of P7i with starting price reduced by USD3,570.
Thanks for reading!
All comments, links, and content posted or shared by users of the community are the opinion of the respective authors only and do not reflect the opinions, views, or positions of Moomoo Financial Inc., Moomoo Technologies, any affiliates, or any employees of MFI, MTI or its affiliates. Please consult a qualified financial professional for your financial planning and tax situations.
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Weekly Topic
What should investors be more concerned about, high oil prices, expensive housing costs, escalating geopolitical conflicts, falling consumer confidence, or hawkish Powell?
Comment below and share your ideas! We will select up to 15 TOP COMMENTS for a reward next week. Winners will get 200 points by next week, with which you can exchange gifts at Reward Club.
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102362254 : High oil prices benefit producers but harm other industries. Expensive housing signals a robust economy but reduces affordability. Geopolitical conflicts disrupt trade and commodities. Consumer confidence decline impacts spending and saving, influenced by various factors. Powell influences the economy through interest rates and money supply. Investors should monitor all these diverse factors, not just fixating on one.
mr_cashcow : Just stick to what works for u, other factors that cannot be controlled or are out of our hands so the best we can do is learn from past experience and stick to what works![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
70636575 : When this dude keep his word? He said there will be no rate pause 2023. And he pinpoint clearly repeat say that. And look what happens. This man pump and dump market Everytime. He to go to jail
safri_moomoor : You open yourself up.
CasualInvestor : Powell, “Just close the F***ing door”.
Black market only : Impossible Absolutely impossible
Meme_Short_Queen : Tesla down to $100, mark my words.
70938827 : y'all suck and do things that are not in the best interest for your company
71229336Bedbugguy : Big Powell played a mean first base
KBO Port : The risk of overshooting the neutral rate (the rate that neither stimulates nor restrains the economy) is very possible. If the Fed raises rates too high, it could slow down the economic growth and cause a recession not just in the US, but even globally.
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