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?(8 May)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

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