$Ps S&P 500 Mmtm(SPMO.US)

Context: U.S. stocks surged today after the Federal Reserve raised interest rates, reaffirming its focus on taming inflation and removing a long-standing source of market anxiety. With the rate hike behind them, investors returned to their favorite themes. Tech shares gained, with Alphabet and Meta rising more than 1% each before the bell. Understandably, memory and data center stocks are also on the rise, some even going above +5%.

My Trade: I have been invested in SPMO since last year and for me, this is the slightly riskier but better returns of the top momentum S&P stocks. I am also waiting to see what additions/cuts there will be in the upcoming reshuffle.

Takeaway: The rate policy decision will be crucial in determining investor sentiment in the second half of September, historically a weak month for equities. So far this month, the benchmark S&P 500 has lost 1.7%. The upcoming reshuffle for SPMO also has investors speculating that Micron's weightage would be cut in half to 5% while increasing Nvidia slightly. @Captain's Treasure