An extreme volatility within 18 hours created the third-largest single-day gain since WW II. NDX and SPX rebounded by 12% and 9.52% respectively, recovering lost since April 3.
However, Magnificent Seven performed even stronger.
$S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $Apple(AAPL)$ $Microsoft(MSFT)$ $Alphabet(GOOG)$ $NVIDIA(NVDA)$ $Tesla Motors(TSLA)$ $Meta Platforms, Inc.(META)$ $Amazon.com(AMZN)$
Negative GDP? Should Fed Cut Rate in June?
The U.S. economy contracted by 0.3% in the first quarter, falling short of the expected 0.4% growth. Goldman Sachs has warned that U.S. stocks may need to explore lower bottoms.
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Will you stay cautious during current market situation?
Or bottom with brave mind?
The market expects Fed to cut rate in June. Would it happen?
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