Benzinga
Published Nov 01, 2023 16:13
Updated Nov 01, 2023 17:40
Positive Stock Market Seasonality Ahead After Longest Losing Streak Since Pandemic Crash, AI Excitement
Benzinga - To gain an edge, this is what you need to know today.
Positive Treasury News Please click here for a chart of SPDR S&P 500 ETF Trust (ARCA:SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
In The Arora Report analysis, the Treasury issuance statement is of utmost importance to stock investors. If yields rise further on long term bonds, this will be a negative for the stock market. On the other hand, if yields fall, it will be a positive for the stock market.
In The Arora Report analysis, Treasury issuance announcement is more important for investors than the Fed decision.
Advanced Micro Devices, Inc. (NASDAW: AMD) reports earnings after hours today. AMD earnings are particularly important as they can impact market sentiment due to AMD’s popularity among retail investors.
Bank Of Japan We have been sharing with you the importance of Bank of Japan (BOJ) actions to the U.S. stock market. BOJ unexpectedly stepped into the bond market to intervene against speculators. The 10-year JGB touched 0.97%. This is a new high in a decade.
Magnificent Seven Money Flows In the early trade, money flows are positive in Apple Inc (NASDAQ: AAPL), Amazon.com, Inc. (NASDAQ: AMZN), Alphabet Inc Class C (NASDAQ: GOOG), Meta Platforms Inc (NASDAQ: META), Microsoft Corp, and Tesla Inc (NASDAQ: TSLA).
In the early trade, money flows are negative in NVIDIA Corp (NASDAQ: NVDA).
In the early trade, money flows are mixed in SPDR S&P 500 ETF Trust (ARCA:SPY) and Invesco QQQ Trust Series 1 (NASDAQ: QQQ).
Momo Crowd And Smart Money In Stocks The momo crowd is buying stocks in the early trade. Smart money is
Written By: Benzinga
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