A Look At Apple Stock Heading Into The Fed's Rate Decision Wednesday
Portfolio Pulse from Melanie Schaffer
Apple Inc. (AAPL) opened slightly higher as the Federal Reserve's two-day meeting begins, with a decision on interest rates expected on Wednesday. Trading volume is expected to diminish ahead of the decision but surge afterwards. Movements in Apple's stock, the largest holding within the S&P 500, can significantly impact the index. The ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY) and the ProShares Ultra VIX Short Term Futures ETF (UVXY) are options for traders wishing to trade the potential volatility.
July 25, 2023 | 2:31 pm
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NEUTRAL IMPACT
The ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY) is an option for traders wishing to trade the potential volatility around the Fed's rate decision.
SPKY tracks the SPIKES Futures Short-Term Index and measures volatility in broad-based equities. It could see increased activity as traders look to trade the potential volatility around the Fed's rate decision.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The ProShares Ultra VIX Short Term Futures ETF (UVXY) is another option for traders wishing to trade the potential volatility around the Fed's rate decision.
UVXY tracks the movement of the S&P 500 VIX Short-Term Futures Index. It could see increased activity as traders look to trade the potential volatility around the Fed's rate decision.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Apple's stock opened higher ahead of the Fed's rate decision. Its movements can significantly impact the S&P 500. The stock is trading in a rising channel pattern, indicating a bullish short-term outlook.
Apple's stock opened higher, indicating positive investor sentiment. As the largest holding in the S&P 500, its movements can significantly impact the index. The stock's rising channel pattern suggests a bullish short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100