Fed Rate Hike Odds Soar as US Equity Indexes Plummet

The US equity indexes experienced a decline as the 10-year yield reached its highest point in nearly two decades. The crude oil prices also surged. Meanwhile, the Federal Reserve is prepared to raise interest rates, but some analysts are questioning whether this move will be beneficial or not.

According to Moomoo's data, $41 million worth of bullish bets targeting Amazon (AMZN) on November 20 suggests that a rebound may be in store for the company. Additionally, there is evidence that Asian investors continue to purchase shares, potentially leading to further price increases.