Be in the know. 22 key reads for Thursday…

  1. Bond king Jeffrey Gundlach says he expects one more Fed rate hike (cnbc)
  2. The ‘buy the dip’ stock market strategy is about to make a comeback as long as the Fed doesn’t move goal posts, Fundstrat says (businessinsider)
  3. China’s e-commerce market sees at least 89 platforms close in 2022 amid Covid-19 controls, fierce competition, weak spending (scmp)
  4. President Xi Addresses Domestic Consumption In Speech (chinalastnight)
  5. Chair Powell speaks after Federal Reserve raises interest rates a quarter point — 02/01/22 (cnbc)
  6. Bank of England Outpaces Fed With Half-Point Interest-Rate Increase (barrons)
  7. Meta Finally Gets Something Right. The Rest of Big Tech Should Take Note. (barrons)
  8. Amazon Earnings Are Today. All Eyes Are on Its Cloud Computing Business. (barrons)
  9. Alphabet Earnings to Show How Google Search and YouTube Are Doing (barrons)
  10. FedEx Is Laying Off Workers. It Has to Streamline Operations. (barrons)
  11. Ford Earnings Are Coming. It Needs a Beat to Continue Its Bounce. (barrons)
  12. Apple’s Earnings Are Just Ahead. The Focus Will Be on iPhone Sales. (barrons)
  13. The Fed Opted for a Smaller Rate Increase. Powell Leaves Hope for Cuts. (barrons)
  14. Intel CEO Takes Pay Cut as Chip Maker Targets Cost Reductions (wsj)
  15. Markets Call Fed’s Bluff on Interest-Rate Increases (wsj)
  16. US Employers Announced More Than 100,000 Job Cuts in January (bloomberg)
  17. Everything You Need to Know About the Fight Between Adani and Hindenburg (bloomberg)
  18. Michael Burry’s ‘Sell’ Tweet Goes Unheeded After Powell Comments (bloomberg)
  19. Fed’s Jerome Powell ‘didn’t fight back’ against the stock market with his confident stance on inflation, says ‘Bond King’ Jeffrey Gundlach (businessinsider)
  20. BofA’s top indicator projects S&P 500 at 4700 over the next 12 months (streetinsider)
  21. Economists detect dovish undertones from ‘more optimistic’ Jay Powell (ft)
  22. New York property tycoon to give worn-out offices ‘back to the bank’ (ft)

“Hawk on a Wire” Stock Market (and Sentiment Results)…

On Wednesday we got a de-clawed hawk in Chairman Powell and he treaded carefully.  It was as if he was a hawk on barbed wire knowing if he swayed too far to either side he would get cut.  For the first time he acknowledged we are in a dis-inflationary environment and goods inflation is coming down fast. Continue reading ““Hawk on a Wire” Stock Market (and Sentiment Results)…”