- 22 March 2023
- Posted by: Federica Montella
- Categories: eToro CopyTrader, Investing
A positive day for Wall Street yesterday
On Tuesday, all three major US indexes closed in profit.
The investors’ sentiment is Fear, as indicated in the graph below:
Sentiment indicator – Fear & Greed Index
The market sentiment is 32, in “Fear” mode, up from last week’s data in Extreme Fear.
It’s Fed Day
Investors around the world are all eyes on today’s Federal Reserve meeting.
The decision about the next interest rate hike will be published today at 18:00 GMT and Jerome Powel, Fed chairman, will attend a press conference at 18:30 GMT.
Today’s decision is particularly tough because, given the recent failure of three US banks, the Federal Open Market Committee (FOMC) members have to choose to vote for an interest rate increase to bring inflation down or to not hike the interest rate to avoid a crisis in the financial system.
The meeting today will include the updated rate projections for the first time since December which will indicate if there will be additional rate increases this year.
The majority of the economists, 90.08%, are expecting a rate hike of 0.25%, as shown in the graph below:
The remaining 9.2% is expecting no rate increase this time.
Markets will be volatile due to this event.
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:
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.
eToro Popular Investor