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(Post 221/Yr 6) Market Summary for 6/17/2022
By Sonicericsg  •  June 21, 2022
Top news for today S&P 500 Set For Worst Week Since March 2020 As Fed Gets More Aggressive With Rate Hikes The SPDR S&P 500 ETF Trust (NSYE: SPY) dropped sharply this week as investors priced in the Federal Reserve's more aggressive approach to raising interest rates. (3:30pm ET) Elon Musk Being Sued For $258B Over Alleged Dogecoin Manipulation: The Rise And Fall Of The Famous Meme Coin In Manhattan yesterday (6/16/22), a class-action lawsuit was filed against Tesla Inc (NASADAQ: TSLA) CEO Elon Musk, by a man named Keith Johnson. The accusation is that Musk, Tesla, and SpaceX are operating an illegal racketeering enterprise to inflate the price of Dogecoin (CRYPTO: (3:05pm ET) 3 Reasons Why Bitcoin Is Crashing The past month has seen a major plunge in cryptocurrency prices, as recessionary fears loom and major firms experience operational problems and insolvencies. (10:20am ET) UK Ratifies Wikileaks Founder Julian Assange's US Extradition: Key Takeaways The U.K. (9:28am ET)...
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By Sonicericsg
Hi everyone, I'm soniceric, my real name is of course not soniceric, it's just Ericsson :) The reason I name this blog as soniceric is a word play on the brand of "sony Ericsson" hence soniceric(geddit?) I am currently a 22 years old nsf who is about to ord soon and receiving a paltry ns allowance of $800 per month. To date, I have managed to save more than 10k and have already use the money for various purpose(emergency fund, peer to peer lending,posb invest saving and stocks, trading etc).
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