This week, the Fed, as expected, raised interest rates by 50 BPS, and is likely to do so again in the future. However, a 75 BPS rate hike is off the table at this time. The stock market initially reacted positively, but then on Thursday, there was elevated volatility as investors became concerned for what comes next. Next, Ben Lichtenstein weighs in on this week's Jobs Report and its impact on the market. In terms of the economic calendar for the following week, Redbook , MBA Mortgage Applications, CPI, Jobless Claims, PPI, WASDE Report, and Consumer Sentiment reports. Also, earnings reports like Palantir (PLTR), AMC Entertainment (AMC), Upstart (UPST), Peloton (PTON), Coinbase (COIN), Walt Disney (DIS), Rivian (RIVN), Affirm (AFRM), and Aurora Cannabis (ACB) will be released.
07 May 2022