share_log

Powell Shifts But Does Not Admit He Was Wrong, Opportunity In AI Driven Semiconductor Chip Equipment Maker

Benzinga ·  Apr 17 23:19

To gain an edge, this is what you need to know today.

A New Opportunity In AI Ahead

Please click here for an enlarged chart ofSPDR S&P 500 ETF Trust(NYSE:SPY) which represents the benchmark stock market index S&P 500.

Note the following:

  • The chart shows that the stock market has pulled back after breaking below the trendline.
  • The chart shows the support zone.
  • The chart shows that in spite of the pullback, the stock market is still about 5% above the support zone.
  • Powell had repeatedly made it clear that he was itching to cut interest rates. This...
Login or create a forever free account to read this news
Sign up/Log in
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment