- Simplify Wall Street
- Posts
- 🗣️ Mid Week Market Update! - China, Fed Meeting and Levels
🗣️ Mid Week Market Update! - China, Fed Meeting and Levels
💭 China, Fed Meeting and Levels
Simplify Wall Street
February 01, 2024
Sponsored by
First, a delightful message from our sponsor.
Get the best stock ideas
Our AI tool scours the internet every day for the best stock ideas that we share with you each morning in our free, daily email.
We find stock ideas from:
Billion-dollar hedge funds
Professional analysts
Millionaire investors
and more…
We’ve already found stock ideas like:
Carvana ($CVNA) - +822% in 4 months
Myomo ($MYO) - +507% in 3 month
ImmunityBio ($IBRX) - +313% in 1 month
and a ton more…
Subscribe to our free, daily email to start getting the best stock ideas sent to your inbox each morning.
Proceeding With The Reading:
Happy Sunday ☀️
In this week’s newsletter, you’ll read about…
🔓️ Daily Trading Levels
🔔 Get alerts when we buy or sell stocks. 10-day free trial on Discord.
📖 FOMC Recap
Fed
Stocks finished Wednesday sharply lower after the Federal Reserve left interest rates unchanged and signaled cuts are coming but not occurring in March.
Is this a buying opportunity or a moment where the narrative may switch? It could be both. In my opinion, the market doesn’t like uncertainty, so I expect the next Fed meeting to involve a rate cut. If not, the market and investors may get impatient.
"The executive summary would be growth is solid to strong ...
3.7% unemployment indicates the labor market is strong ...
We've got six good months of inflation data and an expectation that there's more to come," the Fed chief said. "Let's be honest, this is a good economy."
Powell said rate cuts would come once the Fed becomes more secure that inflation will continue to decline from a level it still characterizes as "elevated," at least on a one-year basis, with the personal consumption expenditures price index, a key measure used by policymakers, at 2.6% on an annual basis as of December.
Read more here
Listen to the full FOMC meeting below or read more about what the Fed said here.
Upcoming Earning Reports
AMZN, META, and AAPL are all reporting.
Levels for $AMZN were given here.
Reply