Samlunch
05-02

All the data says the economy is "strong" while:

1. Starbucks stock, $SBUX, fell 20% after reporting a 6% drop in traffic

2. Doordash stock, $DASH, fell 15% after reporting a $21 million loss

3. Netflix stock, $NFLX, fell 10% after reporting a weaker outlook for Q3 2024

4. CVS Pharmacy stock, $CVS, fell 17% after net income fell by 50%

5. Etsy stock, $ETSY, fell 11% after reporting weak earnings due to the "macroeconomy"

6. EBay stock, $EBAY, fell 5% after reporting weaker guidance

Is the economy really that strong?

Will FOMC Decision Shake the Market?
Following three consecutive months of inflation reports surpassing expectations, traders are currently projecting September as the earliest month for the initial reduction, as indicated by the CME Group’s FedWatch tool. ------------ Will FOMC decision change rate cut expectation? Do you expect 1 or 2 rate cuts this year? Will Powell turn to hawkish or dovish in this meeting?
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