Market Diary & Playbook ($UVE, $XPON, $INDI, $SRTY & more)
By Jeff Sun Trading  •  March 23, 2023
Major indexes reacted +ve to FOMC Summary of Economic Projections, reflecting a possibility of a pause in rate hikes sooner than later. The +ve sentiment shifted abruptly during the live Q&A as Fed Chair Powell acknowledged his belief that ongoing events in the banking groups reduce the possibility of a soft landing for the economy. Sizable broad based selloff accelerated to close. Market with technical bear flag setup remains severely under pressure. $RSP -2.3%, $EQAL -2.4% $KBE -5.2% $KRE -5.7% $OIH -3.5% Thanks for reading. PS: If you enjoy the above curated article, you may follow me on twitter (@jeffsuntrading) to get daily market diary, trading ideas and market updates. 23/3/2023 Market Diary -Indexes reacted +ve to FOMC Summary of Economic Projection, possibility of a pause in rate hike ahead -Sentiment shifted abruptly at live Q&A, Fed Chair acknowledged ongoing events in $KBE grp not helpful -Bear...
Read the full article
By Jeff Sun Trading
Jeff Sun is a independent trader, an accredited investor (Securities and Futures Act, Singapore), and an avid private/public equity real estate, and specialist builder engineering firms investor, with Certified Financial Technician (CFTe) accreditation by the International Federation of Technical Analyst; and graduand of (with distinction) Institute of Trading and Portfolio Management.

Your email address will not be published.


Your Email Address will not be published

Read More Articles
More from thefinance