Market analytics for the week

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22.09.2023
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🟢 Last week high-risk assets were under strong pressure from sellers. The main reason for such sentiments was the FRS rate and more precisely the rhetoric of J. Powell. The rate itself remained unchanged — 5.50%, but market participants saw the hawkish rhetoric of the head of the regulator. 

🟢 During the week, the cryptocurrency market added only +0.3% of capitalization. VTS also added 0.3%. Although at the beginning of the week, there was a noticeable growth. But after the Fed, all the growth was squandered. Cryptocurrencies behave as if they are stronger than US stocks. 

It is noteworthy that the volatility of the market has noticeably sagged. As argued in previous reviews – increased volatility will return in early October. It is at this time that the SEC will decide what to do with spot BTC-ETFs. In the event of a postponement (which is very likely), the market could face a selloff.

🔴 The stock market has been hit hard over the past week. The S&P 500 fell more than 2.7% and broke through the psychological level of 4400 points again. The Nasdaq corrected by more than 3%. Growth stocks came under a special crush. 

It should be noted that recommendations on limiting long positions were described in previous reviews. 

If stock indices fall by about 1.5% – 2% more, there is a probability of price acceleration, which together will give another -5% for indices.

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