The US Fed Delivered Its Biggest Rate Increase in More than 20 Years
The US Federal Reserve hiked interest rates by 50 basis points as expected on Wednesday, which was the biggest increase since 2000 and the dot-com bubble
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The US Federal Reserve hiked interest rates by 50 basis points as expected on Wednesday, which was the biggest increase since 2000 and the dot-com bubble
The week of April 25-29, is probably the busiest one of this earnings season, as we had a slew of high-profile companies reporting their results, including the rest of the FAANGs - Facebook (Meta), Apple, Amazon, Alphabet (Google)
The retail and tech giant reported poor results on Thursday after market close and posted its first net loss in seven years, weighed by its stake in EV maker Rivian
Facebook parent company, Meta, released mostly mediocre Q1 results after market close on Wednesday, but there were some bright spots that lift the stock
Google parent, Alphabet, is taking a hit as forecast growth rates moderate.
The market is waiting on an announcement after the Twitter board, and Elon Musk met over the weekend. Twitter is due to report its Q1 results on Thursday.
The US30 has retraced to its 61.8% level. It is looking formidable.
The US 10 year yield is overbought. So it will be a boon for stocks if it pulls back in the short term.
The EV giant delivered solid results for the first quarter of the current year on Wednesday and expects growth in this year’s deliveries, despite supply chain challenges
Real rates have just turned positive.
TSLA releases its Q1 earnings after market close today, 20 April 2022
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