The Market Before And After (Pending) The Fed Decision -- June 14, 2023

Locator: 44935MKT.   

At the open, we'll see where these go after the Fed decision is announced:

• $3-trillion club:
• AAPL: wow, wow, just turned positive; another all-time high (?); market cap at $2.892 trillion;
  
• tech:
• TSM: profit-taking, down 0.7%;
• AMD: pops; up 1.75%; up $2.18 / share;
  
• NVDA: can't stop a train; up 0.7%; up another $3.52 / share;
  
• EVs
• TSLA: profit-taking, flat to negative;
  
• RIVN: flat to negative;
  
• big cap, MAGA:
• UNP: up 1.6%
• DE: up 1.4%; up another $5.65 / share
  
• CAT: up 0.25%
• BRK-B: up 0.41%
• oil, gas:
• CVX: up 1%
• DVN: up 1.4%
• EPD: up 1%
  
• SRE: up 0.7%
• high dividend:
• T: up 0.5% 
• missteps / one-offs / opportunities:
• BUD: up almost 2%

After the Fed decision:

• Fed pauses but says more hikes coming after this pause
• Dow drops 374 points
• S&P drops 23 points
• NASDAQ drops 70 points

Later, the next day, June 15, 2023:

• the market. -- all three major indices -- had an incredible rally;
• a rally seldom seen;
• no increase in the Fed rate, and though JPow was hawkish in his remarks, a lot "analysts" / writers suggested the Fed was "bluffing" about more hikes this year.
• if the Fed does hike it's unlikely they would do it during the summer unless inflation took a serious turn for the worse. 

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All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.