Weekly Stock Market Review
Dear all,
?Despite recent volatility related to the Federal Reserve's interest rate hike and ongoing bank crisis, Wall Street had a winning week. The Nasdaq Composite led the major indexes upward with a 1.7% advance, while the S&P 500 finished the week up 1.4% and the Dow added 1.2%. It's worth noting that despite the recent turmoil, the S&P 500 is on track to finish March flat and the first quarter ending on Friday with a 3% increase.
?Looking ahead, market expectations for the path of the Fed Funds Rate are as follows: a pause on May 3, 2023, followed by a 25 bps cut to 4.50-4.75% on June 14, 2023, another 25 bps cut to 4.25-4.50% on July 26, 2023, and another 25 bps cut to 4.00-4.25% on September 20, 2023. There will be a pause on November 1, 2023, followed by a 25 bps cut to 3.75-4.00% on December 13, 2023. This could be positive news for the market.
?During this period, it's important to remember the value of reliable market analysis and forecasting. At I Know First, our advanced algorithmic models utilize artificial intelligence and machine learning to forecast the performance of various assets, including stocks, ETFs, indices, commodities, and currencies. Our accuracy has been demonstrated through various backtesting and live trading scenarios, making us a valuable resource for investors and traders.
?In the?three-day forecast?for the Stocks Under $10?package, ANTE, RIOT, and HBIO all had returns of 37.72%, 16.91%, and 5.65%, respectively. The total average return of the forecast was 6.78%, outperforming the S&P 500 index which gave a 0.82% return during the same time period!?In the?seven-day forecast?for the Implied Volatility Options?package, USX, RIOT, and COIN all had returns of 273.75%, 45.12%, and 41.95%, respectively. The total average return of the forecast was 49.65%, outperforming the S&P 500 index by?45.83%!?In the?seven-day forecast?for the Top 10 Stocks package, RIOT, APPS, and SHOP?all had returns of 45.12%, 13.85%, and 9.48%, respectively. The total average return of the forecast was 9.01%, outperforming the S&P 500 index by?5.19%!?In the?14-day forecast?for the Mega Cap Forecast?package, GOOGL, META, and ASML all had returns of 16.34%, 14.76%, and 7.70%, respectively. The total average return of the forecast was 6.30%, outperforming the S&P 500 index by?3.47%!?
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In the?1-month?forecast?for the Computer Industry?package, NVDA, AMD, and UMC?all had returns of 31.02%, 30.90%, and 9.86%, respectively. The total average return of the forecast was 9.70%, outperforming the S&P 500 index by?10.76%!??In the?3-month forecast?for the same?package, NVDA, AMD, and LSCC?all had returns of 77.27%, 57.03%, and 42.30%, respectively. The total average return of the forecast was 34.62%, outperforming the S&P 500 index by?30.73%!?In the?1-year?forecast?for the Healthcare?package, MACK, PRTA, and MCK?all had returns of 71.51%, 25.43%, and 16.19%, respectively. The total average return of the forecast was 5.40%, outperforming the S&P 500 index by?15.71%!?
?Our technology is one-of-a-kind, combining the power of AI and machine learning to forecast market trends and outperform traditional methods. We offer daily AI-based forecasts for over 13,500 assets from more than 50 different global stock exchanges and multiple asset classes, including stocks, ETFs, commodities, futures, currencies, interest rates, and world indices. With 18 different time frames, we provide comprehensive investment options for investors of all types. Our approach is quantitative, independent, and objective, separating us from traditional models and tools. Additionally, our predictability indicator allows investors to identify and focus on the most predictable assets.
?We are dedicated to offering our subscribers the most precise and reliable market forecasts possible. Our advanced algorithmic models utilize artificial intelligence and machine learning to identify promising investment opportunities in various assets, including stocks, ETFs, indices, commodities, and currencies. To gain access to our top-performing stock picks and start your journey toward profitable investments, we invite you to?subscribe to one of our comprehensive packages. As always, our team is available to assist you with any inquiries or issues you may have.
Warmest Regards
Yaron Golgher, Co-Founder and CEO.?