A roller-coaster ride on the stock market
The stock market is like that scary roller coaster you get on to impress your friend but wish you never got on. But hey, at least tech companies like Tesla are making it rain, so that’s something. In the meantime, the Federal Reserve is like a weatherman, they’re always talking about a soft landing. But let’s get real, we’re probably headed for a recession.
The U.S. GDP has grown at a faster pace than estimated, but it’s like a sugar high, it’s not going to last. As for Intel, the Chipmaker company, they are like that one kid who manages to get a C- in their gym class, they’re not doing so hot.
A Rally for the Nasdaq and the S&P500
The S&P 500, it’s like that one ex you can’t seem to get over, it’s at its highest since December but we all know it’s not going to last. And let’s not forget, the Fed is like that one friend who always wants to borrow money, they’re expected to boost rates next week, but they’ll probably keep it high through the rest of the year. But don’t worry, the economy is like a cockroach, it’s resilient and will survive anything.
Sophisticated Investors Analysis of the stock market
Investors, on the other hand, are like that one person who always shows up to the party fashionably late. According to Blomberg, A recent JPMorgan Chase & Co. survey shows that only 35% of clients plan to add to stock holdings in the coming weeks. But they’re probably just waiting for the perfect moment to jump back in. Analysts estimate for 2023 profits are like that one person who always makes empty promises, they continue to fall.
The U.S Auction House
In the meantime, the auction of seven-year Treasury notes is like that one person who always plays it safe, it’s guaranteed that January will be one of the best months ever for US government debt auctions. Traders are like that one person who always wants to be in the know. Because of that they’re continuing to keep an eye on the latest geopolitical developments. The International Monetary Fund is exploring a multiyear aid package for Ukraine worth as much as $16 billion. This will help cover the country’s needs and provide a catalyst for more international funding while Kyiv tries to repel Russian forces. But anyway, check out the new Apple Reality Headset that will send you to a virtual world where anything and everything is possible.
