US Stocks | Morning Session | September 17
Overnight close — The Federal Reserve raised rates by 25 bps to 3.75–4% in the early hours
First rate hike since 2023; the dot plot suggests there could be more action this year
The three major indexes closed lower under pressure: Dow -1.21, S&P 500 -0.45, Nasdaq nearly flat -0.01
Traditional blue chips underperformed, while AI and tech stocks held up relatively better
Futures rebounded across the board before the open: Dow futures +0.92, about +358 points
Nasdaq 100 futures +205 points; S&P 500 futures +45 points
The VIX plunged nearly 10% in a single day; once the “shoe dropped,” tight positioning and sentiment were released
Re-enter the market to go long risk assets
Major agenda tonight:
Economic data: August building permits; new housing starts; September NAHB homebuilder sentiment index; initial jobless claims
Earnings: FedEx pre-market; Adobe after the close—watch for AI order activity and cloud business guidance
Official remarks: multiple FOMC voters speak
Stocks to watch:
Nvidia NVDA +0.82; AMD +1.65—semiconductors lead as the AI theme shows signs of recovery
Financial sector under pressure: Goldman Sachs -3.96; Bank of America -2.72—valuation hit by the rate-hike impact
Coinbase COIN -4.42; MicroStrategy MSTR -2.64—crypto-related assets weaken
Snowflake SNOW +2.49; Palantir PLTR +1.03—AI application layer attracts attention
IBIT data
BTC spot ETF IBIT closed at $43.04, down 0.16; down 1.5% over 5 days
In this rate-hike cycle, institutions have paused BTC allocation, waiting for clearer macro signals
Crypto timing outlook:
BTC is currently at 76,475, up modestly 0.35%; ETH, BNB, and SOL follow higher
Altcoins diverge, but sentiment improves
If US stocks continue repairing before the open, crypto may see a modest follow-through
The rate-hike cycle remains a headwind for risk assets; don’t chase higher
Watch the direction for the first 30 minutes after the US market opens
Mini explainer: VIX is commonly called the “fear gauge”
It reflects the market’s expected volatility over the next 30 days
The overnight drop of nearly 10%—after the “shoe dropped,” the tight sentiment was released quickly
A VIX below 20 is a normal range; above 30 is when it turns into panic
Overnight close — The Federal Reserve raised rates by 25 bps to 3.75–4% in the early hours
First rate hike since 2023; the dot plot suggests there could be more action this year
The three major indexes closed lower under pressure: Dow -1.21, S&P 500 -0.45, Nasdaq nearly flat -0.01
Traditional blue chips underperformed, while AI and tech stocks held up relatively better
Futures rebounded across the board before the open: Dow futures +0.92, about +358 points
Nasdaq 100 futures +205 points; S&P 500 futures +45 points
The VIX plunged nearly 10% in a single day; once the “shoe dropped,” tight positioning and sentiment were released
Re-enter the market to go long risk assets
Major agenda tonight:
Economic data: August building permits; new housing starts; September NAHB homebuilder sentiment index; initial jobless claims
Earnings: FedEx pre-market; Adobe after the close—watch for AI order activity and cloud business guidance
Official remarks: multiple FOMC voters speak
Stocks to watch:
Nvidia NVDA +0.82; AMD +1.65—semiconductors lead as the AI theme shows signs of recovery
Financial sector under pressure: Goldman Sachs -3.96; Bank of America -2.72—valuation hit by the rate-hike impact
Coinbase COIN -4.42; MicroStrategy MSTR -2.64—crypto-related assets weaken
Snowflake SNOW +2.49; Palantir PLTR +1.03—AI application layer attracts attention
IBIT data
BTC spot ETF IBIT closed at $43.04, down 0.16; down 1.5% over 5 days
In this rate-hike cycle, institutions have paused BTC allocation, waiting for clearer macro signals
Crypto timing outlook:
BTC is currently at 76,475, up modestly 0.35%; ETH, BNB, and SOL follow higher
Altcoins diverge, but sentiment improves
If US stocks continue repairing before the open, crypto may see a modest follow-through
The rate-hike cycle remains a headwind for risk assets; don’t chase higher
Watch the direction for the first 30 minutes after the US market opens
Mini explainer: VIX is commonly called the “fear gauge”
It reflects the market’s expected volatility over the next 30 days
The overnight drop of nearly 10%—after the “shoe dropped,” the tight sentiment was released quickly
A VIX below 20 is a normal range; above 30 is when it turns into panic