Market overview 2023-11-01

The U.S. Fed left the main discount rate unchanged, stating that the extent of the impact of its increase in the past is to be assessed later. This statement had a calming effect on market participants, bringing the main stock indices into the plus zone. However, it should be noted that the upward movement of indices is achieved by the securities with the highest capitalization, while the securities with less capitalization and liquidity show much more modest results. The effect of such a "smoke screen" in the recent past has already played a cruel joke with investors who were focused only on the dynamics of indices, so it is worth watching carefully whether this scenario will not repeat itself now.