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Good Morning Everyone!
Here’s a quick and easy way to tell if you’re investing. If you find it exciting and you’re checking the stock price all the time, you’re probably not investing. Good investing is boring AF.
FOMC meeting notes
1. Interest rates
2022 Fed meeting days
March 25 basis points
May 50 announced yesterday
June 50 Powell guidance
July 50 Powell guidance
August no meeting, study data
September 25 or 50
October no meeting, study data
2. Balance sheet is currently $8.9 trillion, QE to QT
Reduced by $47 billion/month in June, July and August 2022
Reduce by $95 billion/month in Sept and going forward
No 75-point hike
Two 50 basis point hikes next two meetings
Strong economy can handle rising rates
Soft landing is the goal
Crude 109 +1%
OPEC+ sticking to its strategy
As expected, to raise production targets by 432,000 bpd for June
Shopify -14%, eCommerce stocks under pressure
ConocoPhillips cash returns raised from $8B to $10B
Fear & Greed Index is still hovering near extreme fear territory
Bitcoin has only been outperformed by LUNA (Terra) YTD:
BTC and other blue-chip tokens have outperformed small-cap tokens (lower risk appetite)
We did see large net outflows in April:
And finally, here are why US adults are/aren’t buying crypto:
MEME OF THE DAY
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