The New Dot Plot Hits The Stock Market - Here Is What You Need To Know, A Shocker In New Data
Portfolio Pulse from The Arora Report
The Federal Reserve's new dot plot indicates higher interest rates for a longer period, contradicting predictions of four rate cuts next year. This has led to significant selling in the stock market. The dot plot shows a median projection for 2024 at 5.1%, up from 4.6% in the previous plot. The Arora Report analysis suggests one to two rate cuts next year. Initial jobless claims this week were lower than expected, indicating a stronger jobs picture. The Bank of England left its rates unchanged. Negative money flows were observed in Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla. Mixed money flows were seen in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.
September 21, 2023 | 2:21 pm
News sentiment analysis
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NEUTRAL IMPACT
Mixed money flows were observed in Invesco QQQ Trust Series 1.
The news of higher interest rates for a longer period may have mixed impact on Invesco QQQ Trust Series 1's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Mixed money flows were observed in SPDR S&P 500 ETF Trust.
The news of higher interest rates for a longer period may have mixed impact on SPDR S&P 500 ETF Trust's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Negative money flows were observed in Apple Inc.
The news of higher interest rates for a longer period is likely to negatively impact Apple's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Negative money flows were observed in Amazon.com, Inc.
The news of higher interest rates for a longer period is likely to negatively impact Amazon's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Negative money flows were observed in Alphabet Inc Class C.
The news of higher interest rates for a longer period is likely to negatively impact Alphabet's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Negative money flows were observed in Meta Platforms Inc.
The news of higher interest rates for a longer period is likely to negatively impact Meta Platforms' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Negative money flows were observed in Microsoft Corp.
The news of higher interest rates for a longer period is likely to negatively impact Microsoft's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Negative money flows were observed in NVIDIA Corp.
The news of higher interest rates for a longer period is likely to negatively impact NVIDIA's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Negative money flows were observed in Tesla Inc.
The news of higher interest rates for a longer period is likely to negatively impact Tesla's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80