VIDEO: Putin Congratulates Trump On His Presidential Inauguration & Welcomes His Efforts To Prevent World War III
Says He Is "Ready To Dialogue About The Ukrainian Conflict"
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In This Weekend's Rip:
Stocks recovered some of their losses this week, with big tech’s earnings helping lead the way through renewed inflation concerns.
Here’s a rundown of this week’s earnings and economic data:
Happy Sunday!
*Here Are My #Top5ThingsToKnowThisWeek:
1. Fed Rate Decision
2. Powell Press Conference
3. U.S. Jobs Report
4. U.S. ISM PMI Surveys
5. $AAPL $AMZN $AMD $PYPL Earnings
*May The Trading Gods Be With You 🙏
$DIA $SPY $QQQ $IWM $VIX
This is the Fed's nightmare...
▪ Q1 GDP growth: Slumped to 1.6% from 3.4% last quarter.
▪ Missed Goldman Sachs' forecast by 50%.
▪ Core PCE Price Index: Jumped to 3.7%, topping estimates.
▪ Economy weakens as inflation sprints
Fed's nightmare scenario is happening
BREAKING: Interest rate futures are now pricing in just 1 rate cut during 2024 for the first time ever.
After a weaker than expected GDP reading but stronger than expected PCE Price Index, another rate cut was just priced-out.
In fact, interest rate futures now see a record…
BREAKING: March PCE inflation, the Fed's preferred inflation measure, RISES to 2.7%, above expectations of 2.6%.
Core PCE inflation was 2.8%, above expectations of 2.6%.
We now CPI, PPI and PCE inflation RISING for 2 straight months.
How can the Fed cut interest rates?
This @VisualCap graphic shows 2024 real GDP growth forecasts using data from @IMFNews 2024 World Economic Outlook for G7 and BRICS member nations along with Saudi Arabia, which is still considering an invitation to join bloc
All sectors except Materials finished the day higher; Comm Serv soared and remains YTD leader; small caps outperformed; Russell 2000 Value led the way but still weakest MTD
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