UPDATE
🌤️ Happy Wednesday
Good morning; we’re back at it again with another workday! We hope you got the week off to a great start, and maybe you even set out your weekly schedule.
However you start your Mondays, that’s the attitude you take through the rest of the week, so here’s to making it a positive one 🙌
Read time: 2 minutes
WEEK IN REVIEW
📈 Market Performance
S&P 500 (5-day), via Google Finance
This week has highlighted some potential future sentiment about the S&P. Last week, we talked about how the board members of the Federal Reserve were to meet to discuss interest rates.
Just like we predicted, rates held steady at 5.25 - 5.50%. This news should have been good for borrowers and investors, but a surprising drop in the S&P index correlated with the announcement.
What’s more, MarketWatch writes that the purchase of S&P futures (long-term predictors of growth that turn a profit) has been falling, all while U.S. Treasury yields have been rising.
This trend isn’t optimistic for the stock market, as a high volume of longer-term investors are moving to U.S. Treasury securities as a safer investment.
You can check the daily effective Federal Funds rate here.
🏭 Amazon Monopoly Lawsuit
Amazon Fulfillment Center, Shakopee, Minnesota, via Wikimedia Commons
Over the past week, Amazon stock has seen a substantial decline that’s been alarming to long-term holders. Much like Apple, Google, and Microsoft, Amazon is considered a high-value blue chip stock. Since September 14, AMZN has seen a 12.9% decline and sits at $125.98.
While some of the decline can be attributed to sales and other company performance or operations, there is one big factor that may hurt Amazon going forward:
Yesterday, Amazon was hit with an antitrust lawsuit by 17 states for alleged monopolistic practices. Though there shouldn’t be any news about a conclusion until 2026 (which is the trial date), the news of the lawsuit is a blow to public perception. (Source: USA Today)
ONE MORE THING
🤝 Keep in Touch
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Thanks again for reading!
