Wall Street vs Main Street
Judging from pre market movement, it seems like the Wall Street is trying to put aside Powell’s comment on inflation is lacking progress in moving towards their 2% target.
Is the Wall Street ignoring the risk of keeping interest rate elevated throughout the year?
On the other hand, in the Main Street, some businesses are feeling the impact of a high interest rate environment and forecasting a potential weak market outlook (Starbucks, Netflix, eBay, Etsy)
Mismatch in expectations between both streets?
On the other hand, in the Main Street, some businesses are feeling the impact of a high interest rate environment and forecasting a potential weak market outlook (Starbucks, Netflix, eBay, Etsy)
Mismatch in expectations between both streets?
From YouTube
$ProShares UltraPro QQQ ETF (TQQQ.US)$ $Coinbase (COIN.US)$ $Super Micro Computer (SMCI.US)$ $Advanced Micro Devices (AMD.US)$ $Snap Inc (SNAP.US)$ $Arm Holdings (ARM.US)$ $Starbucks (SBUX.US)$ $Luckin Coffee (LKNCY.US)$ $Netflix (NFLX.US)$ $eBay (EBAY.US)$ $Etsy Inc (ETSY.US)$ $Financial Select Sector SPDR Fund (XLF.US)$ $ChargePoint (CHPT.US)$ $Blink Charging (BLNK.US)$ $PING AN (02318.HK)$
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