💥Market Insights & Outlook [Issue #4: April 2023, Week 16]
🎉Apple offers banking services, big banks are having a good week, plus 4 other major financial events, recession risks, interest rate predictions, technical analysis and more!
👋 Good afternoon finance enthusiasts and fellow investors, I hope you’ve all had a fantastic weekend! In this week’s market analysis, we're diving into 5 major financial events, interest rate predictions, recession risks, market technical analysis, and the short interest on the stock market!
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1. ⚠️ 5 important financial events this week:
Apple AAPL 0.00%↑, in partnership with Goldman Sachs GS 0.00%↑, has launched a high-yield savings account with a 4.15% interest rate. This rate is more than 10 times the national average, with no fees, minimum deposits, or minimum balance requirements, and FDIC insured up to $250,000. As the era of big banks offering 0.01% interest comes to an end, Apple's move into banking forces traditional banks to raise interest rates to stay competitive. The stock market was relatively flat over the last 5 tradi…
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