How this week’s avalanche of news kept markets and investors guessing
It was a dizzying week at Wall Street. The S&P 500 was closed last Monday at a record level and then entered a line with four sessions. The terrible job data was particularly uncomfortable on Friday, as President Donald triggered Trump because the market hit the market. Trump began the day by multiplying Federal Reserve President Jerome Powell, as he did not reduce interest rates on Wednesday. At the end of last year, he accused the Fed for his cutting rates to choose Kamala Harris. Later in the day, the President used a similar reasoning while firing the President of the Bureau of Statistics, which puts out the employment report. Trump accused the Bls commissioner Erika Mcentarfer, who was appointed Biden, of inflating before the election day to manipulate the numbers negatively during the presidency and to help Harris. In addition, Friday afternoon, Bes Governor Adriana Kugler resigned. The person who was appointed Biden did not give a reason. As if not everything is enough, Trump set the new “mutual” tariff rates on August 7, just before the deadline for August 1. On Friday, the President ordered the US to “place two nuclear submarines in suitable areas after a warning from Russian official Dmitry Medvedev. On Monday, Medvedev said that “every new ultimatum” about the Ukrainian conflict was a “threat and a step towards war between Russia and the United States. During the week, the large market index lost about 1%and ended a two -week winning line. Technology Heavy Nasdaq fell on Friday, more than 2.2% in the session and fell more than 2% during the week. He also earned two straight weeks. The calendar page was worse until August, as bad as the S&P 500 and Nasdaq wrapped in July with 2.2% and 3.7% in July, respectively. While the S&P 500 completed a three -month winning series, Nasdaq made its monthly run four flat. It was definitely an intense week, macroeconomic updates, commercial negotiations, Fed rate decision-and of course, a earning attack with four out of seven magnificent reports. Trump Trade The Week made a trade agreement with the US on Sunday. South Korea came under the wire before the President of the President. Both trade partners are subject to a tariff of 15% for exports to the United States at a rate of 30% and 25% before contracts. While the agreement with the EU saw that the trade block has purchased 750 billion dollars in US energy, it contained an agreement of $ 350 billion in US investments in an agreement with South Korea, while investing in the United States. Negotiations with China continue, the tariff date date was pushed to August 12th. Mexico was given a 90 -day extension of the current 25% of the current 25% of the current 25% after a discussion with Mexican President Claudia Sheinbaumum. However, Canada was slapped with a tariff ratio of 35%. As for the trade partners who have not yet made an agreement, new rates have been announced last Thursday evening and will come into force next Thursday. Only hours after the announcement of new tariff rates, weak jobs Friday works report was published. The payroll growth of the 73,000 positions, which is not July, fell far below the 100,000 additions expected by economists. Worse, both of the June and May readings were significantly lower for less than 258,000 jobs than first reported for these two months. All of this, according to the CME Fedwatch vehicle, as well as closing Trump, a September ratio put back on the table. The market deduction returned from approximately 38% on Thursday to 83% on Friday. Shortly after the weak job report, Jim Cramer says, “You don’t have to wait,” he says to reduce the rates of this number, although Powell has a great supporter. One day after keeping the Fed rates constant, warmer inflation, the preferred inflation measure of the Central Bank – Personal Consumption Expenditures (PCE) Price Index – was published on Thursday morning. Both the title PCE reading and the except for food and energy prices, the core ratio came to one of the expected one year in a year, apparently, supporting the decision of the FED to change the rates of the FED. However, negative job data forces the official clouds and the FED to weigh the importance of both parts of the bilateral task – the target 2% inflation rates and maximum employment, which maintains price stability. First, considering that inflation is above the target, it is currently requiring more restrictive or higher rates, while the second indicates less restrictive or lower rates, because central bankers do not want to see any financial increase in unemployment. Some of the reason for keeping the economic growth rates fixed came from a strong second quarter of the Economy, which was released on Wednesday morning just a few hours before the completion of the Fed’s July meeting. Seasonally adjusted annual GDP growth rate was much better than a 3% 2.3% avantation. Despite all the fear and uncertainty caused by trade disagreements, the economy has already managed to progress in April -June period, already in August. GDP is a backward -looking data set. Therefore, the above-mentioned monthly updates are given more weight in relation to the inflation and labor market-and of course, the most real-time data source we can get. Club gains, however, let’s take a look at how the earnings go for the club this week. We received news from Starbucks on Tuesday evening, Wednesday evening Meta Platforms and Microsoft, Bristol Myers Squibb on Thursday morning, Amazon and Apple on Thursday evening and Linde on Friday morning. Starbucks: Although the coffee giant reported three -month mixed results, we heard enough positive to verify that CEO Brian Niccol’s return is strictly on the road. Meta Platforms: Social Media Powerhouse offered an absolute coup quarter and the only thing that is better than the guidance of the results. Bristol Myers: The drug producer provided a three -month firm stroke and an increase in appearance. However, the Cobenfy narrative-at the center of our investigation thesis-from being simple to a show story, investors do not give the company the company for the benefit of suspicion. After the version, we reduced our price target. In addition, Bristol and the club name that declares earnings next week, including El Lilly, and Trump’s push traces for prescription prices lower than the other 16 major drug producers. The threat of industry -specific drug tariffs continues. Amazon: In general, the technology giant reported a solid quarter. However, the stocks sold as a problem that cannot provide the same type of cloud income as the Amazon Web Services (AWS) of the investors that cannot provide the same type of the same species with Microsoft Azure and Google Cloud. Activity income guidance for the current quarter was slightly lower than expected, but it was historically conservative. Ultimately, we think that concerns are exaggerated and we think that withdrawal represents a purchase opportunity. Apple: The iPhone manufacturer reported a very respectable quarter. However, in addition to the response to the results, it is clear that this year, the price action of the stock this year is not ready to give much credit to management until the company provides more clarity about the company’s AI strategy. It was courageous to hear that CEO Tim Cook was saying that it was open to unification and purchase to help. LINDE: Industrial Gas Stalwart gave solid results every three months with a difficult working environment and showed the flexibility of the company regardless of the ground. In addition, the management increased the low end of full -year earnings guidance, although the upper end of the range was already an economic contraction. About a quarter of the S&P 500 companies are ready to report, another important week of corporate gains. Six companies in the club portfolio Docket: Coterra Energy, Dupont, Eaton, Disney, Eli Lilly and Texas Roadhouse. Transactions Week was also an intensive processing week for portfolio. Starting the week, we added to our positions in Cisco Systems and Honeywell. When the stock hit New High, it watched a small Eaton coating. On Tuesday, we made a pleasant profit from Eli Lilly after the disappointing news from his main rival Novo Nordisk in the GLP-1 market. Finally, as we got rid of the decline after earnings, we reduced our position in Wells Fargo. On Wednesday, we added to our position in Dover and said that we would add to our shares in Starbucks and Palo Alto Networks, we were not restricted. We will closely follow both of them for the opportunity to activate both. Palo Alto completed the week with a decrease of approximately 15% after the negotiations reports, and the approval of an agreement of $ 25 billion to buy Cyberark was not well received by investors. However, we think that the packaging of Cybarark’s identity security platform will accelerate Palo Alto’s platform strategy. As we completed the week, we cut our position in Abbott in accordance with the previous comments, which we emphasized on our concerns about the exposure of the company to China on Thursday. We took the raised capital and re -visled in Capital One Financial because it did not reflect the foundations we saw when the movement we saw in the stock reported the second quarter earnings. (See here for the full list of Jim Cramer’s philanthropist’s confidence in the charitable trust. Jim is waiting for 45 minutes after sending a trade warning before buying or selling a share in the portfolio of charitable confidence. If Jim talked about a stock on CNBC TV, he’s waiting for 72 hours after trading warning before trading. The above investment club information is subject to our conditions and conditions and our Privacy Policy with the waiver. There is no confidence or duty or not, as you receive any information provided in connection with the Investment Club. A specific result or profit is not guaranteed.
