Sep. 20 at 1:55 PM
Weekend recap. The Fed hiked rates by 25 bps for the first time in 3 years. 10-year back over 5%. Oil still elevated. Dow -1.7%.
$SPX basically flat.
$NDX +0.7%. Tech and semis bounced after the AI scare.
$COIN and
$HOOD ripped. Utilities and materials lagged. Buffett is now Chairman Emeritus. Howard takes the chair. Abel stays CEO. Market didn’t care. Next week light. Watch Wed PMIs, Thu claims + new home sales, Fri durables and UMich.Oil and yields still run the tape. A drop in either helps. Another grind higher keeps pressure on.