Top Stories We are Following Today 2-24-23
Update: 2023-02-24
Description
In this episode Scott Becker discusses:
- There is a lot of volatility in individual stocks.
- Domino’s Pizza fell 12% yesterday on lowering demand for pizza delivery.
- Wayfair dropped 23% as they reported a huge loss of customers.
- Nvidia rose 14% yesterday.
- Beyond Meats rose 13%.
- Warner Bros, Discovery dropped 5% on the reporting of a large revenue loss.
- Stock indexes are falling sharply today after a core inflation report came in higher than expected.
- GDP was revised down slightly for the 4th quarter.
- See Fed rate policy is shaking up world of debt” – WSJ.
- The consequences of higher interest policy are starting to be seen throughout the economy. The Fed can’t reduce inflation alone unless it drastically raises rates. This is a sub optimal solution.
- And more!
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