#📈 MARKET TODAY: Relief Rally or Something More?

D1ane
09-18 03:05

Wall Street bounced back Thursday, with the S&P 500 +1.13%, Nasdaq +1.62% and Dow +0.71% as oil prices and Treasury yields eased. 

After Wednesday’s Fed-driven selloff, the market got some breathing room.

The Fed raised rates 25 bps to 3.75%–4.00% — its first hike in more than three years — while its latest projections point to a 4.1% median policy rate at year-end, suggesting another hike could still be ahead. 

Meanwhile, Brent crude fell to around $103 and the 10-year Treasury yield moved back below 5%, giving risk assets some relief. 

What caught my attention?

🔥 Tech led the rebound

💻 Semiconductors were strong

🛢️ Oil pulled back

📉 Treasury yields eased

🏦 But the Fed is still fighting elevated inflation

So is Thursday’s move the start of a real rebound — or simply a relief rally after Wednesday’s selloff?

For me, the next clues are oil + Treasury yields + the Fed’s next move. 👀

What are you watching?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment