Mar 03
"Stock markets roared back on Wednesday, with the S&P 500 notching a 1.9% gain for the day after Fed Chair Powell told Congress in his semiannual testimony that he is leaning toward a quarter-point interest rate increase in March to fight inflation."
Mar 03
"What else is happening…
Beige Book: Prices rising at ‘robust’ pace amid elevated input costs.
Snowflake (SNOW) plunges as outlook suggests sales growth slowing.
States launch probe into TikTok’s (BDNCE) effect on kids’ health.
Exxon (XOM) faces 1%-2% hit to earnings, production from Russia exit.
Roblox (RBLX) stock has sunk 50% YTD; Is now the time to buy?
Remittances: Walmart (WMT) to only charge $2.50 on transfers to Mexico.
Trump’s Truth Social (DWAC) falls to No. 57 in the App Store.
Apple’s (AAPL) spring event expected to unveil iPhone SE and iPad Air.
Visa (V) discloses 5% of revenues exposed to Russia and Ukraine.
Netflix (NFLX) latest media player to pause Russian projects, acquisitions.
"
Ref: SeekingAlpha
Mar 03
"
Today’s Markets
In Asia, Japan +0.7%. Hong Kong +0.6%. China -0.1%. India +0.7%.
In Europe, at midday, London -0.2%. Paris -0.7%. Frankfurt -0.7%.
Futures at 6:20, Dow flat. S&P flat. Nasdaq -0.2%. Crude +2.5% to $113.40. Gold +0.8% to $1936.70. Bitcoin -1.4% to $43,527.
Ten-year Treasury Yield unchanged at 1.86%
Today’s Economic Calendar
7:30 Challenger Job-Cut Report
8:30 Initial Jobless Claims
8:30 Productivity and Costs
9:45 PMI Composite Final
10:00 Powell testifies before Senate Banking Committee
10:00 Factory Orders
10:00 ISM Service Index
10:30 EIA Natural Gas Inventory
12:00 PM Fed’s Barkin Speech
4:30 PM Fed Balance Sheet
6:00 PM Fed’s Williams Speech
"
Today’s Market
Ref: SeekingAlpha
Mar 03
"Stock markets roared back on Wednesday, with the S&P 500 notching a 1.9% gain for the day after Fed Chair Powell told Congress in his semiannual testimony that he is leaning toward a quarter-point interest rate increase in March to fight inflation."
Mar 03
Mar 03
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Mar 01
https://youtu.be/MlHXYeohfEM
Mar 01
However, I will not buy any of these…Neither will I buy any individual stock/equity
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“Rather than growth or defensiveness, the market wants operational efficiency defined as low capex/sales growth and employee turnover.” "
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