Demand Imbalance Arbitrage

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Forecast Future Price Action

Mixed Market Action as Stocks React to Fed, Bitcoin Hits 6-Month High


U.S. stocks ended mixed on Friday as investors weighed comments from Federal Reserve officials, who suggested more aggressive rate hikes in order to contain inflation.[0] The S&P 500 (^GSPC) dropped 0.3%, while the Dow Jones Industrial Average (^DJI) added 0.4%, recovering from early-session losses.[1] The Nasdaq Composite (^IXIC), which is heavily focused on technology, decreased by 0.6[2]

In single stock moves, shares of DraftKings (DKNG) jumped 15.3% after the sports betting platform said fourth-quarter revenue was up 81% year-over-year to $855 million, more than analysts were expecting.[3] The firm reported a lower-than-expected per-share loss of 53 cents and raised its outlook for the whole year.[4] DoorDash (DASH) was another big post-earnings mover, though its shares fell 7.6% after the food delivery company reported a wider-than-expected Q4 loss.[5]

Deere & Co. (DE) shares rose 7.5% Friday — the most in two years — after the world’s biggest tractor maker raised its earnings guidance above estimates thanks to sustained high crop prices that kept farmers spending.[6] The yield on the benchmark 10-year U.S. Treasury note ticked down to 3.815%, while the dollar index traded near the flatline at $103.88.[7] US benchmark WTI crude oil was trading at around $76.35 a barrel, which was 2.7% lower than previous.[8]

Roku (ROKU) stock jumped 11.2% after the streaming company reported a slimmer-than-expected fourth-quarter loss of $1.70 per share on higher-than-anticipated revenue of $867 million.[9] The corporation further declared that active customers and streaming hours had increased in comparison to the 3rd quarter.[10]

ADI experienced a 7.5% increase in share price with high trading volume after announcing financial results that exceeded expectations for their first fiscal quarter.[9] The semiconductor company’s stock price rose above 5% of the 180.05 purchase point of a cup base.[11]

The price of Bitcoin (BTC-USD) surged to a six-month peak amidst ongoing jitters in the cryptocurrency industry due to tighter regulations.[2]

0. “Nasdaq, S&P, Dow on track to end mixed, but well off their session lows” Seeking Alpha, 17 Feb. 2023,

1. “Stocks End Week Slightly Lower on Tough Fedspeak: Markets Wrap” Yahoo Finance, 17 Feb. 2023,

2. “Stock market news today: Stocks sell off after hot inflation report, hawkish Fedspeak” Yahoo Money, 16 Feb. 2023,

3. “U.S. stocks end mixed, Dow books longest weekly losing streak since September as traders bet on more Fed rate hikes” MarketWatch, 17 Feb. 2023,

4. “Stock Market Today: Stocks Close Mostly Lower Amid Rate-Hike Worries” Kiplinger’s Personal Finance, 17 Feb. 2023,

5. “S&P 500 off lows but remains under pressure as rate-hike fears dent tech By”, 17 Feb. 2023,

6. “Central Bank Comments on Tighter Monetary Policy Weighs on Stocks” Barchart, 17 Feb. 2023,

7. “Dow Jones Dives Amid Inflation Data Surprise; Elon Musk Offers This Defense Amid Big Tesla Recall” Investor’s Business Daily, 16 Feb. 2023,

8. “U.S. stocks are mixed after Fed officials stoke rate fears By”, 17 Feb. 2023,

9. “S&P Futures Tick Lower Ahead of Key U.S. PPI Data” Barchart, 16 Feb. 2023,

10. “Stock Market Today: Hot Inflation Data Sends Stocks Lower” Kiplinger’s Personal Finance, 16 Feb. 2023,

11. “Stock Market Indexes Pull Ahead In Final Hour; Etsy Posts Over 6% Gain” Investor’s Business Daily, 15 Feb. 2023,

Forecast Future Price Action
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