Testingnickn
2022-05-05

Since the Fed hikes rates half a point and will shrink assets to curb inflation, what does it mean for our shares $Marathon(MRO)$+ $ConocoPhillips(COP)$?

The Federal Reserve delivered the biggest interest-rate increase since 2000 and signaled it would keep hiking at that pace over the next couple of meetings, unleashing the most aggressive policy action in decades to combat soaring inflation.

The U.S. central bank’s policy-setting Federal Open Market Committee on Wednesday voted unanimously to increase the benchmark rate by a half percentage point. It will begin allowing its holdings of Treasuries and mortgage-backed securities to decline in June at an initial combined monthly pace of $47.5 billion, stepping up over three months to $95 billion.

U.S. stocks rallied across the board Wednesday, all 11 S&P 500 sectors were positive on the day in the last hour of trading. Stocks leveraged to an improving economy were among the biggest winners. Energy was the top-performing sector, so I guess it is good news for us, seeing we already made ~10% profit since our first post [Smile] 

💰 Stocks to watch today?(20 Dec)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!
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Comments

  • snoozi
    2022-05-05
    snoozi
    In this hyperinflationary scenario, what is the most worthwhile investment?
  • cheezzy
    2022-05-05
    cheezzy
    I will not be making any moves now as the market is not pulling down steadily.
  • bouncyo
    2022-05-05
    bouncyo
    The S&P 500 is one of the best indices to invest in.
  • Yuukiinos
    2022-05-08
    Yuukiinos
    👍
  • Sohtheworld
    2022-05-05
    Sohtheworld
    Wow
  • WayneCai
    2022-05-05
    WayneCai
    stagnation
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