New York City, New York Sep 18, 2024 (Issuewire.com) - On Wednesday, September 18, Eastern Time, the Federal Reserve initiated a rate-cutting cycle by reducing the federal funds rate target range by 50 basis points to 4.75%-5.00%. This "unconventional" start to the rate cuts aligned with market expectations but exceeded Wall Street predictions.
However, U.S. stocks experienced a "rollercoaster" ride, with all three major indices initially rising but ultimately closing slightly lower. The S&P 500 fell by 0.29% to 5618.26 points, the Dow Jones Industrial Average dropped by 0.25%, and the Nasdaq declined by 0.31%. Notably, both the Dow and S&P 500 indices reached historic highs during the trading session.
Analysts suggest that the downturn in U.S. Stocks was partly due to Chairman Powell's "hawkish" stance during the press conference, indicating a reluctance to loosen policies too quickly. Additionally, the Fed's latest projections for future unemployment rates lean towards an upward trend, reigniting market concerns about the labor market.
Historically, the U.S. stock market has responded positively to the Fed's rate cuts. Tom Lee, an analyst at Wall Street Fundstrat, noted that since 1971, every initial rate cut by the Fed has resulted in a 100% probability of positive returns for U.S. stocks over the following six months, with an average return of 13%. Businesses on Wall Street are reshaping their asset portfolios based on the latest industry insights.
Wall Street elites can maximize their investment returns through timely industry news and effective collaboration within their elite circles. In contrast, ordinary investors often lack these advantages and typically rely on media reports and their own experience to adjust their asset portfolios. However, investment opportunities can be fleeting, and some information may become outdated by the time it reaches the media. Consequently, ordinary investors should seek better methods to support their investment decision-making.
To tackle these challenges, MAXE, a leading investment tracking application, offers a solution that helps investors identify the most suitable asset portfolios for their needs. MAXE provides users access to the investment portfolios of world-renowned investors, fund managers, and government officials, tracking real-time changes in their positions. This feature helps users break free from the information barriers of the financial market, allowing them to stay updated on market shifts and adjust their asset portfolios in line with industry leaders.
The timeliness of this feature greatly benefits users. By analyzing the decisions of successful investors, users can adopt and adapt proven strategies and allocation models to enhance their investment approaches. This not only deepens their understanding of effective investment practices but also fosters informed decision-making, ultimately empowering average investors to navigate complex markets with greater confidence and clarity.
Additionally, to address the issue of ordinary investors missing valuable opportunities due to limited information and delays, MAXE has introduced an innovative AI financial management assistant. This assistant leverages big data and a proprietary core algorithm to gather the latest financial insights from multiple sources. Users can pose questions based on their circumstances, and the assistant will create a customized investment and financial management strategy that reflects current market conditions and big data analysis. This tailored approach helps users gain a clear understanding of the market environment.
At the same time, MAXE offers users real-time market data for various popular assets, including stocks, bonds, and foreign exchange, all presented through data visualization. We also gather comprehensive information on the assets youre interested in, such as news, financial updates, and regulatory filings, allowing you to gain a well-rounded understanding of those assets from multiple perspectives.
MAXE serves users around the globe. As of now, the cumulative number of users who have downloaded the MAXE app has exceeded 300,000. This milestone indicates that an ever-growing number of individuals recognize the value of MAXE and are utilizing the app to optimize their investment and financial management strategies.
Now, MAXE is available on Google Play and App Store. Say goodbye to traditional financial management methods and embrace the future of finance with MAXE. For more information, visit our website at www.maxeai.com and follow us on social media for updates and tips on financial management.
Source :MAXE AI
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