- 30 March 2023
- Posted by: Federica Montella
- Categories: eToro CopyTrader, Investing
Wall Street went up yesterday
Wednesday has been a positive day for the US stock market.
All three major US indexes closed in profit.
The S&P 500 finished at +1.42%, the Nasdaq ended the trading session at +1.79% and the Dow Jones closed at +1.00%.
The investors’ sentiment is Fear, as indicated in the graph below:
Sentiment indicator – Fear & Greed Index
The market sentiment is 41, in “Fear” mode, the same as last week, but it is slowly improving towards the Neutral mode.
How much further the central bank will raise interest rates this year?
This is the question that US lawmakers asked Jerome Powell, the Federal Reserve president, during a private meeting on Wednesday.
Mr Powell said that the Fed is planning to increase the interest rate one more time this year.
The next Fed meeting will be held on 3 May and based on the current situation the majority of the economists, 58,4%, are expecting no rate increase.
The remaining, 41,6% of the economists are forecasting a rate increase of 25 basis points.
What to watch today
U.S. Gross Domestic Product (GDP) will be released today at 13:30 GMT.
It is expected to remain at 2.7%.
At the same time will also be published the weekly US initial jobless claims, which are forecasted to be 196,000, 5,000 units up from last week’s data.
Financial markets could be volatile.
Portfolio update
I remain neutral and cautious about the stock market.
I hold long and short stock positions and aim to profit regardless of the market direction.
If you are already copying my portfolio, please keep the copy open.
If you are thinking of copying me, now could be the right time, if you can invest for the long term (years).
Remember to copy the open trades to optimize the copy.
Remember to set the stop loss on the copy at the minimum level, so you don’t get stopped if there is a correction.
Thank you, everyone. Have a nice day!
Steps to follow to copy my portfolio automatically:
1. Create an eToro account here: https://federicamontella.com/go/etoro/
2. Verify your account and make a deposit of at least 200 USD (you can deposit in any currency, like GBP and EUR)
3. Go to my profile page: https://federicamontella.com/go/etoro-passionforprofit/
4. Start the copy (copy open trades and set the lowest stop loss possible, to allow some movement)
5. Enjoy, it’s all automatic. You will make passive income 24/7
Let me know if you have any questions.
Federica Montella
eToro Popular Investor
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