Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, sETF have been posted in "Rankings", "Trading Logs" pages, as well as in http://ycprankings.awardspace.us/RankingTables.htm.
Trading signal occurs in SELECT model portfolio: Sell FSENX, Buy FSDAX
Stocks declined sharply again as FED increased the interest rate by 0.5% in its policy meeting Wednesday. As FED chair, Jerome Powell expected that the interest rate will be around 5.1% and stay there for some time in 2023, investors feared the increase likelihood of recession. For the week, S&P 500 index went down 2.08% to 3852, Dow Jones Industrial Average lost 1.66%, and the technology laden NASDAQ composite index decreased 2.72%.
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| Weekly chart of S&P 500 index |
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