On Wednesday, October 9, U.S. time, the day before the release of the U.S. September CPI, the three major U.S. stock indexes closed higher. As of the close, the Dow Jones Industrial Average rose by 431.63 points, or 1.03%, to 42,512.00 points; the Nasdaq rose by 108.70 points, or 0.60%, to 18,291.62 points; the S&P 500 rose by 40.91 points, or 0.71%, to 5,792.04 points, with both the S&P 500 and the Dow hitting record highs at the close. Technology stocks led the gains again, with Apple up 1.67%. Nvidia ended its five-day winning streak. Tesla fell slightly before the release of Robotaxi. Most popular Chinese stocks fell, with the Nasdaq China Golden Dragon Index down 1.29%.
On the news front, the Federal Reserve released the Federal Open Market Committee (FOMC) meeting minutes from September 17-18 on Wednesday. The minutes indicated that the vast majority of participants supported the Fed’s decision to lower the target range of the federal funds rate by 50 basis points, bringing it to a range of 4.75%-5%.
Many participants noted that a 25 basis point cut would align with gradual normalization. Almost all agreed that upside risks to inflation have weakened, while most acknowledged that downside risks to the job market have increased. Several participants warned that reducing policy restrictions too early or too much could lead to stagnation or reversal of the deflation process, and that balance sheet reduction could continue for some time.
In addition, the U.S. Bureau of Labor Statistics will release September CPI data on Friday. According to a survey conducted by 22VResearch, 42% of investors expect the market’s reaction to the CPI to be “mixed/insignificant,” 32% said “risk aversion,” and only 25% said “risk appetite.”
IIn the current complex environment of disagreements over the Fed’s rate cut strategy, local wars breaking out around the world, and various economic data performing poorly, investor sentiment has become more fragile. Market expectations for the future are often affected by short-term news and data, leading to an increase in emotional trading. This situation makes the market more unstable and makes it more difficult for investors to make rational decisions.
“To tackle these difficulties, MAXE, a leading investment tracking application, helps investors identify the most suitable asset portfolios for their needs,” said the CEO of MAXE. “We provide users access to the portfolios of renowned investors, fund managers, and government officials, tracking real-time changes in their positions. This feature empowers users to overcome information barriers in the financial market, keeping them updated on market shifts and enabling them to adjust their portfolios in line with industry leaders”.
About the challenge of ordinary investors missing valuable investment opportunities due to limited information and delays, MAXE has introduced an innovative AI financial assistant. This assistant harnesses big data and its proprietary core algorithm to gather the latest financial insights from various channels. It seamlessly combines this information with each user’s unique risk profile and portfolio performance to provide personalized investment advice tailored to individual needs. Furthermore, MAXE’s dedicated development team has continuously enhanced and optimized this feature over the years, ensuring that its AI financial assistant remains at the forefront of the industry.
Additionally, MAXE empowers users by allowing them to observe the precise asset allocations and investment decisions of renowned, successful investors in real time through the app. This feature transcends traditional methods that typically rely on broad market analysis or second-hand reviews, users gain direct insight into the actual investment strategies and risk management practices utilized by the industry’s top authorities.
This unique level of visibility offers a remarkable advantage to MAXE users. By studying the decisions of these successful investors, users can adopt and adapt proven techniques and allocation models to enhance their investment strategies. This approach not only fosters a deeper understanding of effective investment practices but also encourages informed decision-making, ultimately helping ordinary investors navigate the complexities of the market with greater confidence and clarity.
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.
