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- May 1st Stock Market Update - It is unlikely that the next Fed move will be a rate hike
May 1st Stock Market Update - It is unlikely that the next Fed move will be a rate hike
$APPF $WING $SQSP
Mukund Mohan
May 01, 2024
Market
“Federal Reserve Chairman Jerome Powell said it was unlikely that the central banks next move will be a rake hike. That helped all 3 indices rally up” 🤣 😁
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After a strong rally for mid part of the day, S&P 500 and NASDAQ indices moved lower
The market is moving more range-bound on the longer term for the last 3 weeks, so I am taking much shorter swing positions and smaller gains.
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Technology stocks led lower with Nvidia and Tesla
Microsoft, Amazon, Google and Meta still strong, will base for a while expecting Apple results scheduled for tomorrow.
Insights from the portfolio
Video of the day
Today’s video is on Wingstop $WING, a QSR in the chicken wings space.
