🎉Mid-Week Market Update & Insights [April 2023, Week 18]
Interest Rate Hikes, Housing Bubbles, Insider Trades, Technical Analysis & More!
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In this mid-week update, we'll discuss:
1. 5 important financial events 2. Chart of the day 3. Notable insider & politician trades 4. Stocks to watch 5. Notable Stock market activity 6. Technical analysis [S&P 500, NASDAQ (growth), Dow (value), Bitcoin] 7. Market sentiment 8. Stat of the day 9. Tip of the day
1.⚠️5 Important Financial Events
5/3: The Fed Increases Interest Rate Hikes
The Federal Reserve has raised interest rates by 0.25% to a 16-year high of over 5%, marking the 10th increase in about a year.
This move is designed to slow economic activity by making borrowing more expensive, thus reducing spending and curbing inflation. As a result, individuals with variable-rate loans, such as credit cards and adjustable…
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