28/7/22. U.S. stocks finished higher after Fed. decision.
Dow Jones 1.37%. SP500 +2.62%. Nasdaq +4.08%. Small Caps +2.33%. Banks +1.98%.
As expected, the Federal Reserve raised interest rates by +0.75%, but Fed. Head Powell said he didn't think the U.S. was in recession and implied but further rate rises might moderate.
The yield curve, however, remains inverted. That's usually taken as a sign that a recession is a probability
SP500.
CCI and MACD Histogram both show negative divergences from the Index Chart, which suggests SP500 is coming to the end of its rise in the near future.
SP500 is inside the Kumo Cloud, so the top of the cloud might provide resistance.
Commodities.
Commodities also responded well to the interest-rate increase. Commodities Index +2.28%. Energy +2.99%. Base Metals +1.13%. Agriculture +0.71%. Gold +1.02%.
Iron Ore +0.1%. Thermal Coal -0.6%.
Overnight Oz Futures are up 0.8%, so ASX market should have a strong start to trading today
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