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FED Day, Bounce Day, all 11 sectors up. Will it hold?

THURSDAY MARKET UPDATE
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FED Day, Bounce Day, all 11 sectors up. Will it hold?

THURSDAY MARKET UPDATE

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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.

MARKET UPDATE

FOMC meeting notes

Fed tools:

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

    • November 25

    • December 25

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

3. Guidance

  • 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

Earnings

  • Shopify -14%, eCommerce stocks under pressure

  • Booking

  • Pioneer

  • MetLife

  • Fortinet

  • Cognizant

  • Corteva

  • ConocoPhillips cash returns raised from $8B to $10B

  • Anheuser-Busch

  • Zoetis

  • Becton, Dickinson

  • Vertex

  • Dominion Energy

  • Block

  • Shopify

CRYPTO

  • 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)

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  • We did see large net outflows in April:

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  • And finally, here are why US adults are/aren’t buying crypto:

MEME OF THE DAY

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Disclaimer:The publisher does not guarantee the accuracy or completeness of the information provided in this page.  All statements and expressions herein are the sole opinion of the author or paid advertiser.

Grit Capital Corporation is a publisher of financial information, not an investment advisor.  We do not provide personalized or individualized investment advice or information that is tailored to the needs of any particular recipient.  

THE INFORMATION CONTAINED ON THIS WEBSITE IS NOT AND SHOULD NOT BE CONSTRUED AS INVESTMENT ADVICE, AND DOES NOT PURPORT TO BE AND DOES NOT EXPRESS ANY OPINION AS TO THE PRICE AT WHICH THE SECURITIES OF ANY COMPANY MAY TRADE AT ANY TIME.  THE INFORMATION AND OPINIONS PROVIDED HEREIN SHOULD NOT BE TAKEN AS SPECIFIC ADVICE ON THE MERITS OF ANY INVESTMENT DECISION.  INVESTORS SHOULD MAKE THEIR OWN INVESTIGATION AND DECISIONS REGARDING THE PROSPECTS OF ANY COMPANY DISCUSSED HEREIN BASED ON SUCH INVESTORS’ OWN REVIEW OF PUBLICLY AVAILABLE INFORMATION AND SHOULD NOT RELY ON THE INFORMATION CONTAINED HEREIN.

No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned.  

Any projections, market outlooks or estimates herein are forward looking statements and are inherently unreliable.  They are based upon certain assumptions and should not be construed to be indicative of the actual events that will occur.  Other events that were not taken into account may occur and may significantly affect the returns or performance of the securities discussed herein.  The information provided herein is based on matters as they exist as of the date of preparation and not as of any future date, and the publisher undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional material.

The publisher, its affiliates, and clients of the a publisher or its affiliates may currently have long or short positions in the securities of the companies mentioned herein, or may have such a position in the future (and therefore may profit from fluctuations in the trading price of the securities).  To the extent such persons do have such positions, there is no guarantee that such persons will maintain such positions.

Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein.

By using the Site or any affiliated social media account, you are indicating your consent and agreement to this disclaimer and our terms of use. Unauthorized reproduction of this newsletter or its contents by photocopy, facsimile or any other means is illegal and punishable by law.

For Full Terms of Use Click HERE. For the Privacy Policy Click HERE.

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