The market is playing catch-up as yields have compressed after the CPI report, says George Tsilis. He discusses takeaways from this week’s market performance. He talks about how companies like AMD (AMD) and Meta Platforms (META) are up, while other companies are looking to cut back or layoff workers. He also goes over how there is an earnings risk and possibility for recession as earnings estimates for 2022 and 2023 have not been changed. He then mentions how the market won’t be shocked by more rate hikes, and it is expected to see weakness in oil prices and gas. Finally, he talks about some important reports to watch next week including durable goods which comes out Monday and personal income and outlays which comes out on Thursday. Tune in to find out more.
24 Jun 2022