- The One Read
- Posts
- US Fed Cuts Rates For First Time Since 2020
US Fed Cuts Rates For First Time Since 2020
US Fed FOMC decision | New Apple Iphones | Charts of the week
Welcome Back,
Market Headlines π
US Federal Reserve cuts fed funds rate by 50bps today.
Apple (AAPL) new Iphones set to hit stores this Friday, here is some initial feedback from early users.
Alphabet (GOOGL) wins a major EU court challenge possibly averting a huge anti-trust fine.
Alphabet (GOOGL) announces new features for Youtube shorts creators.
A note from Kudos π£
Itβs time to STOP using Honey and Credit Karma
π― Honey? More like yesterday's news. π
π³ Credit Karma? So last season.
π Apple Pay? Please, we're just getting started.
Meet Kudos: The free browser extension that's about to make your wallet feel like it just hit the gym. πͺ
Maximize rewards at 3M+ stores
Discover credit card deals so hot, they're NSFW
One-click checkout faster than you can say "take my money"
Available on desktop and iPhone. Why settle for less when you can Kudos your way to savings?
Use code "EARN" to get $20 back after your first eligible purchase. Your wallet will thank you (probably with cash).
Newsletter recommendation π£
Meet your new secret weapon in the investing world.
Carbon Finance sends out a weekly newsletter with the most important infographics, insights, and insider trades.
Itβs completely free and only takes 5 minutes to read.
Join 18,500+ readers! Click the button below to subscribe now
S&P 500 Heatmap π₯
Recap Around the Street π§
US Fed and Powell presser highlights from FOMC today:
Source: @StockMarketNerd
CRWD is stuck between a rock and a hard place, finding support at anchored VWAP from the 2023 lows and the August 2022 pivot high, but trapped below most of this yearβs price action. Bulls are attempting to dig in exactly where they have over the past year; at a 71x P/E ratio, but $300 continues to be the key level to gain. (Contributed by Jason Krutzky of Trendspider)
RKT is highly sensitive to interest rates, and with the FOMC meeting today we're about to get a clear view of exactly how much traders have already priced in this year's expected cuts. The recent breakout from the flag pattern and the upward curl in the MACD suggest traders are hopeful for another leg higher despite the stock already being up 50% this year. (Contributed by Jason Krutzky of Trendspider)
Despite making new all-time highs yesterday, some traders are weary over whether this rally will continue post-FOMC. So, then, should you sell the rate cut news? Seasonality suggests yes. Over the last two decades, next week has the worst hit rate on SPY, with negative returns 68% of the time. (Contributed by Jason Krutzky of Trendspider )
Enjoying these Trendspider charts? Be sure to check out there tools and if its something you want to add to your toolkit, you can use ONE50 for a 50% discount for our readers!
Market Preview ποΈ
Thursday, September 19th: Weekly jobless claims; Existing home sales
Friday, September 20th: Quad witching options expiry
Enjoy reading?π
What did you think of today's newsletter? |
Thatβs all for this week, folks! Weβll be back around the same time Monday with a curated list of important news, economic data and market highlights.
π Be the first to know. Ensure you never do more than one read if you:
Move our emails (especially your subscriber introduction) to your primary inbox (Quick instructions).
π Say hi. Responding to our emails (if any) lets your email provider know to not block us from your main inbox.