Weekly Market Thrills 🌪📈
Tuesday: Retail Sales; Salesforce $CRM Event
Wednesday: Fed Rate Cut Decision, FOMC Dot-Plot, Powell Speaks⚠️
Thursday: Jobless Claims, Philly Mfg. Survey, Existing Home Sales; $FDX Earnings
💥 Big Moves Ahead! Wall Street traders are on edge as this week’s Federal Reserve decision looms, causing a major shake-up in the stock market. Money is flowing out of tech megacaps that have fueled the bull market, into economically sensitive sectors.
Highlights:
- S&P 500 dipped 0.3%. Banks outperformed as analysts predict a soft economic landing despite margin pressures.
- Hedge funds are eyeing big tech stocks again! Morgan Stanley's report shows a pivot away from defensive sectors like real estate, healthcare, and utilities.
- Apple 🍏 shares slipped over 3%! Analysts point to longer shipping times as a sign of weaker demand for the new iPhone 16 Pro models.
🔮 Will the Fed cut rates by half a point? The market is watching closely, with bets on the rise. Traders, brace yourselves for some serious action this week! #Bitcoin soaring on the watchlist too! 🌟💹
