Posted January 30, 2023
By Ray Blanco
Brace for Impact!
Stocks got off to a rocky start ahead of the very busy week we’re about to see in the markets…
Even with today’s redaction, stocks have managed to climb handily off their lows and get 2023 off to a bullish start.
Some highlights from this year's market action have been huge rallies and short squeezes from some of the most down-on-their-luck stocks on the market.
Sectors like communications, semiconductors, and tech, which saw some of the worst performances in 2022 are outperforming other areas of the market with flying colors right now.
Still, that’s not to say it’s all smooth sailing from here.
As I mentioned above, we have a big week ahead of us…
The FOMC is meeting this week and just about everybody is preparing for a 25 basis-point hike to hit on Wednesday afternoon.
Ahead of this meeting, economic data has remained strong, this could potentially push the Fed into a more hawkish stance on the markets.
Regardless of what happens, this week’s meeting could end up being a big risk for the market.
We’ve all seen plenty of incredibly strong moves so far this year.
Now, it’s time to see how sturdy this broad rally is in the face of some adversity.
One thing to pay attention to this week is the reaction we get in the markets following Wednesday’s Fed minutes.
The action we see should give us some important info regarding the current sentiment in the markets.
To add more fuel to the potential fire, we have a blockbuster week of earnings coming up.
Some of the biggest names in the stock market will be reporting which will be sure to add some volatility to any other news we get this week.
With that, read below for everything I have my eye on this week…
Amazon, Apple, Alphabet Headline Another Busy Earnings WeekFord, McDonald’s, Pfizer join tech titans in providing quarterly updates, as layoffs spread and growth slows. Read more… |
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China’s Baidu Developing Its Own ChatGPT, Joining Global AI RaceSearch giant plans to release chatbot powered by artificial intelligence and integrate it into its engine. Read more… |
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Real Estate Agents Say They Can’t Imagine Working Without ChatGPT NowReal estate agents are the latest to vouch for the productivity-enhancing nature of ChatGPT. Read more… |
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China Still Wants to Control Big Tech. It’s Just Pulling Different StringsInvestors have raced back into Chinese tech stocks this year, encouraged by an apparent truce in a two-year battle between some of the country’s most powerful regulators and its biggest internet companies. Read more… |
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5G Finally Has a Use Case—and it Could Disrupt Internet Service as We Know itFixed wireless access took off in 2022, and it’s poised for even more growth. Read more… |