On the SPOT blog (09/06/2022) [A..]
ISM services numbers for August showed growth and were better than expected. It appears that it might been viewed as fuel to rate hikes as all three major indices finished the day in red. Later this week (I think Wednesday and Thursday), some Federal Reserve officials will speak that might provide some visibility into FOMC's stance on inflation and rate hike. In reality, I think that probability of rate hike magnitude will crystalize after CPI numbers come out next week. In the mean time, we are back in a zone where Alphabet, Apple, Amazon, Microsoft are all in discounted zone at the same time. We already discussed Alphabet so today let's discuss Apple (ticker AAPL) as it also seems to have an even later this week.
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