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Abhoy Sarkar's Avatar
published in Blogs
Dec 20, 2018

Fed Hikes Rate the Fourth Time in 2018, by 25 Basis Points

On Wednesday, the Federal Reserve hiked policy interest rate for the fourth time this year. The target fed funds rate – the interest rate at which banks can lend each other overnight – now stands at 2.25-2.5%, after the latest quarter-point increase.

The highly anticipated Federal Open Market Committee (FOMC) meet also brought to fore potential challenges and pressures facing the central bank. Fed Chairman Jerome Powell indicated "cross-currents emerging" which led most officials to temper their economic growth forecast for 2019. There would possibility be two rate hikes next year, which is fewer than previously expected – as hinted by Powell. As of the latest meeting, only six FOMC participants expect there could be as many as three.

Nevertheless, the Fed is still keen on letting fresh data guide their rate hike decisions going forward as well. The Fed does have a delicate task on hand : tightening credit to prevent overheating, but without stoking recessionary pressures.

On Tuesday, U.S. President Donald Trump tweeted, requesting the Fed to be wary of further rate hikes so as to not make markets any more “illiquid”.

Related Ticker: SPY

Momentum Indicator for SPY turns positive, indicating new upward trend

SPY saw its Momentum Indicator move above the 0 level on May 25, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 67 similar instances where the indicator turned positive. In of the 67 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for SPY just turned positive on May 26, 2023. Looking at past instances where SPY's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SPY advanced for three days, in of 360 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 444 cases where SPY Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SPY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

SPY broke above its upper Bollinger Band on June 02, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

Notable companies

The most notable companies in this group are Apple (NASDAQ:AAPL), Microsoft Corp (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), NVIDIA Corp (NASDAQ:NVDA), Tesla (NASDAQ:TSLA), Meta Platforms (NASDAQ:META), VISA (NYSE:V), Unitedhealth Group (NYSE:UNH).

Industry description

The investment seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500® Index. The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the “Portfolio”), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.

Market Cap

The average market capitalization across the SPDR® S&P 500 ETF Trust ETF is 96.01B. The market cap for tickers in the group ranges from 3.7B to 2.82T. AAPL holds the highest valuation in this group at 2.82T. The lowest valued company is NWL at 3.7B.

High and low price notable news

The average weekly price growth across all stocks in the SPDR® S&P 500 ETF Trust ETF was 23%. For the same ETF, the average monthly price growth was 37%, and the average quarterly price growth was 130%. CMA experienced the highest price growth at 21%, while DG experienced the biggest fall at -23%.

Volume

The average weekly volume growth across all stocks in the SPDR® S&P 500 ETF Trust ETF was -32%. For the same stocks of the ETF, the average monthly volume growth was 31% and the average quarterly volume growth was 29%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 56
P/E Growth Rating: 50
Price Growth Rating: 46
SMR Rating: 50
Profit Risk Rating: 48
Seasonality Score: 6 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Category LargeBlend

Profile
Fundamentals
Details
Category
Large Blend
Address
PDR Services, 86 Trinity PlaceNew York
Phone
N/A
Web
www.spdrs.com
Interesting Tickers
1D
1W
1M
1Q
6M
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DOCT34.03-0.05
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FT Cboe Vest US Equity Deep Bffr ETF Oct
HISF44.11-0.10
-0.23%
First Trust High Income Strat Foc ETF
DMAT18.61-0.05
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Global X Disruptive Materials ETF
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IXN58.71-0.95
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SPY and

Correlation & Price change

A.I.dvisor indicates that over the last year, SPY has been closely correlated with IVV. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if SPY jumps, then IVV could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SPY
1D Price
Change %
SPY100%
-0.35%
IVV - SPY
100%
Closely correlated
-0.33%
SPLG - SPY
100%
Closely correlated
-0.30%
VOO - SPY
100%
Closely correlated
-0.33%
SPTM - SPY
100%
Closely correlated
-0.23%
SCHX - SPY
100%
Closely correlated
-0.36%
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