Johnc1968
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On Wednesday, all three major averages closed at new records as inflation data came in lower than expected. The $Dow Jones Industrial Average (.DJI.US)$ rose 350 points, representing a gain of 0.88%, while the $S&P 500 Index (.SPX.US)$ climbed 1.17%, closing above 5,300 for the first time. The tech-heavy $Nasdaq Composite Index (.IXIC.US)$ also posted gains, ending the session 1.40% higher.
What's behind the recent uptrend?
The lat...
What's behind the recent uptrend?
The lat...
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Johnc1968
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Johnc1968
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At the beginning of 2022, the FED started the quantitative tightening policy. Since then, the stock market has gone all the way down without any hesitation. But a shocking plot twist happened in the first month of 2023. Almost everything went up crazily.
Some investors are benefiting from the upward trend. However, others with negative expectations might feel like taking a mighty punch right in their faces.
@Johnsh: Powell Pummeling Puts Visual $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$
Some investors are benefiting from the upward trend. However, others with negative expectations might feel like taking a mighty punch right in their faces.
@Johnsh: Powell Pummeling Puts Visual $SPDR S&P 500 ETF (SPY.US)$ $Invesco QQQ Trust (QQQ.US)$