Options Spy | Tesla shares have continued to come under pressure in the near term
@OptionsBB:
The market continued to focus on corporate earnings and the Fed news, the bond market calm pushed the stock market higher, the 10-year US Treasury interest rate was little changed, the US technology stocks led the rally, Microsoft (hit a record high, TSMC surged more than 6%.On the political and economic front, Federal Reserve Chairman Jerome Powell dashed hopes of a rate cut on Thursday, saying in a speech at an International Monetary Fund event in Washington, D.C., that the Fed may have more work to do.Powell reiterated that "the Federal Reserve is committed to pursuing a monetary policy stance that is sufficiently restrictive to bring inflation down to 2 percent over time." We are not confident that such a position has been reached. If further tightening is appropriate, the Fed will not
