Scholarship table
Amazon is plunging pre-market hours.
They had yet another incredible quarter, but guidance was less than anticipated. When you have the kind of multiple AMZN does, you're priced almost for perfection. Such price action is pretty common for high-valuation tech names; for example, TSLA declined 11.6% on Jan. 27.I was thinking about it....although I'm not sure we have bottomed out yet. If AMZN declines that much once the market opens, it could be pretty attractively priced if one believes in the long-term success of the business.
Another beat and raise from CVS.I do think it is pretty much fully valued here after being up +38% YTD. Next catalyst will be restarting dividend increases either with the Q4 earning report or before the Q1 dividend declaration.
Fed with a .5% raise. Mr. Market seems to be happy there wasn't a more aggressive surprise.
I hope Powell & Co are right that they can slow things down without causing a recession. They are making a big bet on being right and time will tell. While I might be doom and gloom on the economy, I hope as hell the Fed is right.
WagsI am betting on some type of inflation stimulus to be announced over the next couple of months in an attempt to sway some votes in November and that will keep Jay busy. I have big doubts that he is doing the right thing, but I am wrong. I always say that watching your own business/career is best visibility into the economy and I am seeing red flags on weekly basis.
It doesn't sound like the Fed has any real plan for inflation unless I missed something.
I mean, they raised interest rates today…
Baked in.
As they always do but we're at a 40 yr high. I don't think incremental raises will do a whole lot. We also have a severe labor shortage.
Shipping is backing up something fierce outside Chinese ports, with all of the lockdowns they are implementing. Likely to see another supply chain mess in the near future. https://twitter.com/ianbremmer/status/1522018798538477568?t=QJ3kkVqmyVoIX7ajPE9y-w&s=19
In all honesty. The bolded is needed right now.
The solution to that is to allow more immigrants in.
We're doing well on this front.