Its the old trick of "bad news

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LimLS
2022-07-29

Its the old trick of "bad news is good news". With "bad news", that means Fed must be less hawkish and start it's pivot soon. The FOMO is getting stronger and stronger. Will retail investors start rushing into the market again? I personally think this is just another relief rally. But for those who think the bottom is over, you can buy some good quality companies. Many of them are now at attractive valuation. As usual, avoid the hype or chase prices that had gone up by a lot.

S&P 500 Rises Slightly Even after GDP Contracts for a Second Time

Stock futures rebounded on Thursday even after the latest GDP showed asecond-straight contractionas

S&P 500 Rises Slightly Even after GDP Contracts for a Second Time

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PaperPlay
·2022-07-29
👍 to your timely reminder of Quality Companies.
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兔气扬眉
·2022-07-29
K
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JI_SG
·2022-07-29
True
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LittleChive
·2022-07-29
[Strong]
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kent79
·2022-07-29
ok
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A Nobody
·2022-07-29
ya
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Xueni1228
·2022-07-29
Latese
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SebbyBoy
·2022-07-29
Well noted
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Many of them are now at attractive valuation. As usual, avoid the hype or chase prices that had gone up by a lot.</body></html>","htmlText":"<html><head></head><body>Its the old trick of \"bad news is good news\". With \"bad news\", that means Fed must be less hawkish and start it's pivot soon. The FOMO is getting stronger and stronger. Will retail investors start rushing into the market again? I personally think this is just another relief rally. But for those who think the bottom is over, you can buy some good quality companies. Many of them are now at attractive valuation. As usual, avoid the hype or chase prices that had gone up by a lot.</body></html>","text":"Its the old trick of \"bad news is good news\". With \"bad news\", that means Fed must be less hawkish and start it's pivot soon. The FOMO is getting stronger and stronger. Will retail investors start rushing into the market again? I personally think this is just another relief rally. But for those who think the bottom is over, you can buy some good quality companies. Many of them are now at attractive valuation. As usual, avoid the hype or chase prices that had gone up by a lot.","highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/9903464567","repostId":1134449798,"repostType":4,"repost":{"id":"1134449798","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1659015101,"share":"https://www.laohu8.com/m/news/1134449798?lang=&edition=full","pubTime":"2022-07-28 21:31","market":"us","language":"en","title":"S&P 500 Rises Slightly Even after GDP Contracts for a Second Time","url":"https://stock-news.laohu8.com/highlight/detail?id=1134449798","media":"Tiger Newspress","summary":"Stock futures rebounded on Thursday even after the latest GDP showed asecond-straight contractionas ","content":"<html><head></head><body>Stock futures rebounded on Thursday even after the latest GDP showed asecond-straight contractionas investors bet the economic downturn would soon cause the Federal Reserve to end its aggressive hiking campaign.Futures tied to the Dow Jones Industrial Average added about 1 point. S&amp;P 500 futures were flat and Nasdaq 100 futures shed 0.2%. Futures were much lower before the report.U.S. economic growth fell 0.9% in the second quarter, the Bureau of Economic Analysis reported. The Dow Jones estimate was for a gain of 0.3%. First-quarter GDP declined by 1.6%.Investors have grown increasingly concerned in recent months that the Fed’s attempts to tame surging prices would move the economy closer to a recession. Many characterize a recession as having two back-to-back negative quarters of economic growth. It’smore nuanced than thatthough, according to the National Bureau of Economic Research, the official arbiter of recessions, which considers several additional factors.The moves come on the heels of abroad-based rallyWednesday after the Fed hiked interest rates by 0.75 percentage point for the second consecutive time to fight inflation, and investors continued to bet on whether the central bank can halt surging prices without pushing the economy into a recession.Following the rate hike from the Fed, DoubleLine Capital’s CEO Jeffrey Gundlach told CNBC’s “Closing Bell Overtime” he believes the central bank isno longer behind the curve on inflationand Powell has regained credibility.“This market reaction seems less of a sugar high than the prior two in June and May,” Gundlach said.Futures were lower earlier in the morning following a slew of earnings reports. Shares of Meta Platforms dipped 5.9% on the back ofdisappointing quarterly results. Teladoc cratered more than 25% after taking another large goodwill charge. 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S&amp;P 500 futures were flat and Nasdaq 100 futures shed 0.2%. Futures were much lower before the report.U.S. economic growth fell 0.9% in the second quarter, the Bureau of Economic Analysis reported. The Dow Jones estimate was for a gain of 0.3%. First-quarter GDP declined by 1.6%.Investors have grown increasingly concerned in recent months that the Fed’s attempts to tame surging prices would move the economy closer to a recession. Many characterize a recession as having two back-to-back negative quarters of economic growth. It’smore nuanced than thatthough, according to the National Bureau of Economic Research, the official arbiter of recessions, which considers several additional factors.The moves come on the heels of abroad-based rallyWednesday after the Fed hiked interest rates by 0.75 percentage point for the second consecutive time to fight inflation, and investors continued to bet on whether the central bank can halt surging prices without pushing the economy into a recession.Following the rate hike from the Fed, DoubleLine Capital’s CEO Jeffrey Gundlach told CNBC’s “Closing Bell Overtime” he believes the central bank isno longer behind the curve on inflationand Powell has regained credibility.“This market reaction seems less of a sugar high than the prior two in June and May,” Gundlach said.Futures were lower earlier in the morning following a slew of earnings reports. Shares of Meta Platforms dipped 5.9% on the back ofdisappointing quarterly results. Teladoc cratered more than 25% after taking another large goodwill charge. Stanley Black &amp; Decker shares tumbled about 15% premarket after the manufacturing company missed earnings and revenue estimates and cut its earnings guidance.The Dow jumped more than 400 points in the previous session, while the S&amp;P 500 and Nasdaq Composite added 2.6% and 4.06%, respectively.All S&amp;P 500 sectors ended the day higher, with communications services posting its best daily performance since April 2020.On the earnings front, investors are looking ahead to results from Apple, Amazon, Intel and Roku slated for after the bell.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134449798","content_text":"Stock futures rebounded on Thursday even after the latest GDP showed asecond-straight contractionas investors bet the economic downturn would soon cause the Federal Reserve to end its aggressive hiking campaign.Futures tied to the Dow Jones Industrial Average added about 1 point. S&P 500 futures were flat and Nasdaq 100 futures shed 0.2%. Futures were much lower before the report.U.S. economic growth fell 0.9% in the second quarter, the Bureau of Economic Analysis reported. The Dow Jones estimate was for a gain of 0.3%. First-quarter GDP declined by 1.6%.Investors have grown increasingly concerned in recent months that the Fed’s attempts to tame surging prices would move the economy closer to a recession. Many characterize a recession as having two back-to-back negative quarters of economic growth. 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Teladoc cratered more than 25% after taking another large goodwill charge. Stanley Black & Decker shares tumbled about 15% premarket after the manufacturing company missed earnings and revenue estimates and cut its earnings guidance.The Dow jumped more than 400 points in the previous session, while the S&P 500 and Nasdaq Composite added 2.6% and 4.06%, respectively.All S&P 500 sectors ended the day higher, with communications services posting its best daily performance since April 2020.On the earnings front, investors are looking ahead to results from Apple, Amazon, Intel and Roku slated for after the 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to your timely reminder of Quality Companies.","text":"👍 to your timely reminder of Quality Companies.","html":"👍 to your timely reminder of Quality 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Latese","text":" Latese","html":" Latese","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":103131214,"commentId":"103131214","gmtCreate":1659062488748,"gmtModify":1663255068049,"authorId":3582106084566800,"author":{"id":3582106084566800,"idStr":"3582106084566800","authorId":3582106084566800,"name":"SebbyBoy","avatar":"https://static.tigerbbs.com/3cf1bcd25772d2022ff7746d6de06cd9","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9903464567,"objectIdStr":"9903464567","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Well noted ","text":"Well noted ","html":"Well noted ","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}