How Has The Recent FOMC Announcement Affected The S&P ($SPX)?
Portfolio Pulse from Dr. John Sinclair
The recent FOMC announcement has led to a pause in rate hikes, causing the market to push higher. The S&P 500 ($SPX) is in an important area called the 'GoldenZone', where sharp changes of direction could occur. Retail traders are pouring into high-beta names like NVIDIA ($NVDA) after a big run.
June 16, 2023 | 4:37 pm
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POSITIVE IMPACT
Retail traders are pouring into high-beta names like NVIDIA ($NVDA) after a big run, potentially impacting the stock price in the short term.
The FOMC announcement has led to a pause in rate hikes, causing the market to push higher. This has resulted in retail traders pouring into high-beta names like NVIDIA ($NVDA) after a big run. This increased interest and trading activity in the stock could lead to a short-term impact on the stock price, potentially causing it to rise.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50