Review: 2022 Top 10 Key Words in Tiger Community
@TigerEventsοΌ
Last week, we launched the campaign - Quiz of the year: how do you remember 2022? Do you have a clue about the Top 10 Events in 2022? Let's reveal the answer and count the top 10 events together. On the macro level, the Russia-Ukraine conflict caused oil prices to spike; high inflation drove the Fed to raise interest rates seven times in a row; US stocks entered a technical bear market; large tech companies announced layoffs. In terms of individual stocks, Musk completed the dramatic acquisition of Twitter; Microsoft tended to acquire Blizzard; the crypto coin LUNA crashed... Let's recall these ten events together. Wonderful activities are waiting for you at the end of the article. 1. [Event] US stocks fell into a technical bear market The Fed rate hike hinders economic growth. High-interest rates will lead to higher financing costs for tech companies. $S&P 500(.SPX)$ was down 20.3% from its peak in Jan this year. In May, it fell below 3,837, which was viewed as the boundary of the bear market. As of December 23, 2022, the Nasdaq fell by 33% and the S&P 500 index by 19.8% in 2022. [Refer to read] Tiger Chart: S&P 500 Trend and EPS In History Charts Help You Get the Trend of U.S. Stock Market [Related TOPIC] Will S&P 500 sink into a bear market (3824) this week? 2. [Event] The Russia-Ukraine conflict has a domino effect The conflict between Russia and Ukraine has lasted over 300 days. This conflict is more than a military conflict between the two countries. It is an economic war between Russia and the United States and its allies. The stock market, foreign exchange market, and futures market of crude oil, grain, and gold fluctuated repeatedly. [Refer to read] Gold Prices Top $1900, But Still Bullish? What really happened in Ukraine? 3. [Event] Crypto Crisis The tightening of the global financial situation caused by the aggressive interest rate hikes also impacted cryptocurrency. Since the beginning of this year, the market value of cryptocurrency has evaporated by more than $1.3 trillion. Luna coin once ranked among the world's top ten virtual currencies. In May, LUNA plunged from $90 to less than $0.0001 in 48 hours. Another giant FTX has caused a liquidity crisis after it collapsed. Binance, the world's largest crypto trading platform, has also seen massive outflows recently. In the week of Dec. 12 alone, withdrawals reached $3.7 billion. The president of India's central bank said cryptocurrency may cause another global financial crisis. [Refer to read] LUNA: 58 Trln Evaporated; The Biggest Fraudster Is On The Run FTT Crashed: Another Luna? The Battle Between FTX & Binance [Related TOPIC] Crypto Trading Group 4. [Event] High Inflation CPI has become one of the most important readings in the stock market. Affected by the Russia-Ukraine crisis, food and energy prices continue to rise. CPI in June increased by 9.1% year-on-year, exceeding the record in November 1981. Energy prices increased by 41.6% year-on-year. Food prices rose by 10.4% year-on-year. Although the US CPI has begun to fall back, there is still a long way to go. [Refer to read] A better-than-expected CPI means a better market? [Related TOPIC] What does inflation mean to you? 5. [Event] Fed Rate Hikes Since March, the Federal Reserve has raised interest rates seven times in a row, including four times of 75 bps. In less than a year, the fund rates rose rapidly from near zero to 4.25% - 4.50%. It was the most aggressive interest rate increase since the early 1980s.Powell, the chairman of the Federal Reserve, said after the December FOMC meeting that the Federal Reserve still "has a lot of work to do". [Refer to read] FED's Rate Hike Impacts On Market & Recession By Global Experts [Related TOPIC] How Will SPX. Close After FOMC Minutes and Powell Speech? 6. [Event] Queen Elizabeth II On 8 Sept, Queen Elizabeth II died at the age of 96 at Balmoral Castle in Scotland, ending a 70-year reign as the monarch of the United Kingdom and the British Commonwealth. Her life and reign were legendary as she made multiple records and gained so many titles. She lived through wars and 15 British PMs, and 14 US presidents. The UK is in the midst of a rare energy crisis and high inflation. The death of the Queen also casts a shadow over the British economy. [Refer to read] How Will the UK & Commonwealth Go After the Legendary Queen Was Gone? 7. [Event] Tesla Stock Split Since 2020, many tech giants such as $Apple(AAPL)$ and $NVIDIA Corp(NVDA)$ have made share split. This year, $Alphabet(GOOG)$ and $Amazon.com(AMZN)$ also completed the stock split. In August this year, $Tesla Motors(TSLA)$ announced a stock split. In August 2020, Tesla's 5:1 split led to a share price surge. Its shares rose rapidly from $280 per share in August to nearly $500 per share at the end of August. However, due to Musk's Twitter acquisition and EV's bleak future, Tesla's share prices declined 68% YTD. [Refer to read] Investors Flock to Tesla, Can the Miracle of Stock Splitting Rally be Repeated? [Related TOPIC] Tesla's Stock Split = Another 60% Share Price Surge? 8. [Event] Activision Blizzard Activision Blizzard holds a prominent position in the video gaming industry. After $Microsoft(MSFT)$ announced its acquisition of Blizzard in January this year, the company received great attention. In addition to this takeover offer, Blizzard is picked by Warren Buffett. Buffett's $Berkshire Hathaway(BRK.B)$ is already the largest institutional investor in Activision Blizzard. In China, it gained attention because Activision Blizzard announced that it would end its 14-year partnership with NetEase - China's gaming giant. [Refer to read] ATVI - Its love story with Buffett, Microsoft & Netease 9. [Event] Twitter Acquisition Since January, Musk has been quietly buying Twitter shares. On April 25th, Musk announced that he planned to acquire Twitter at a price of $54.2 per share, totaling about $44 billion. Twitter management directly launched the poison pill plan to protect the company from being acquired. After the Twitter board agreed on the deal, Musk suddenly decided to put the plan on hold. In October, when the two sides decided to go to court, Musk completed the transaction.The reduction of Tesla shares to raise acquisition funds also affects millions of Tesla shareholders. [Refer to read] Musk & Twitter Drama Process -- Future Outlook? [Related TOPIC] Will Musk's bid to buy Twitter succeed? What's next for Twitter as Musk takes over it? 10. [Event] Mass Layoffs Layoffs are having an impact on the entire tech industry, and the phenomenon is global. Internet companies hired employees on a large scale during the pandemic. But in 2022, Fed rate hikes lead to higher borrowing costs. They began at the beginning of this year and may continue to affect people in 2023. Many large companies announced layoffs or freezing of hires. Among them, the two companies are the headlines. Meta layoffs: 13% of workforce laid off (November, 2022) Twitter layoffs: 50% of workforce laid off (November, 2022) [Refer to read] The Wave of Layoffs Begun - These Companies' Shares Rose? Which event impressed you the most? Which one has the greatest impact on your portfolio? Besides the above keywords, you can share your most impressive event in the comment section! πHow to participate: Comment and forward this post. You need to choose the most impressive events and explain the reasons. The format is as follows: I think the most memorable hot event is * * * *+reason. β°Activity duration: From now until December 30th, 2022. πReward: The 10 tigers with the most likes in the comment section will receive 100 tiger coins.
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.
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