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CommemorativeMarch 15th
Third week, the market trend feels a bit contradictory. The focus is on next Monday's (March 16th) NVIDIA GTC conference. I wonder if NVIDIA can demonstrate resilience in AI demand at GTC, which could boost the index?
Then, the Federal Reserve will announce its latest interest rate decision next Wednesday. The market is currently almost 100% certain that the rate will remain unchanged at 3.50% to 3.75%.
Also, the S&P 500 has been falling continuously. If it breaks below the moving average, it might continue to slide?
Of course, if it holds, the positive news from the GTC conference might trigger a rebound.
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