What Does Today's Interest Rate Hike Mean for Your Stock Portfolio? | Midday Market Minute | 6.15.22
Posted: June 15, 2022, 4:36 p.m.
Largest Fed hike in 28 Years! (75bps). This was almost certain after Friday's CPI number. Will we see easing on rates in 2024? What will CPI be in July & Aug leading up to Jackson Hole?
There are closing gaps in the Nasdaq and the S&P 500 going back to last Friday that must be closed to reverse higher (~3900 which is the 0.382 Fib Retracement for the S&P 500)
Check out our Morning Express Daily Research for Support & Resistance Levels!
There is an IMPORTANT Four Star Support Level in Aug Crude Oil that our clients received, which will also be included in tomorrow's Morning Express!
US Dollar traded higher, which underpinned Gold & Silver, but Gold was able to trade through resistance during the session. Where does Silver have to hold to continue higher? What is an inverted Yield Curve?
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