What Happened This Week In The Stock Market?
Going over the market moves during the week of 4/4/2022
First up, as mentioned last week, a little announcement. I started a second channel where I talk about Sports, Gaming, and Movies. If that’s something you like, maybe you should go have a look and be the first 100 to subscribe! You won’t be disappointed!
Alright, now back to the main event. If you’re new here, welcome and if not, welcome back. Most of you subscribed to get an earnings summary and that is what you will get, just a little bit shorter. This will also continue when earnings season is over and will cover the big moves the market or specific companies have made during the week.
Federal Open Market Committee's (FOMC)
At that meeting, the Fed also released new projections showing that the median FOMC member expected the central bank would raise interest rates to between 2.5% and 3% by the end of 2024.
"We expect the Committee to unveil its finalized plan at the May 4 meeting (commencing in June), initially setting the monthly caps for maturing Treasuries and MBS that will not be reinvested at $20bn and $15bn per month, respectively, Brett Ryan, senior U.S. economist at Deutsche Bank, wrote in a note Friday. "These caps would then rise by similar amounts every two months reaching a maximum of $60bn and $45bn reached in October. Additionally, we continue to anticipate that the Fed will allow their bill holdings — about $325bn worth — to mature without being subject to the cap structure, allowing for a faster reduction in the size of the balance sheet."
Elon Musk x Twitter
Twitter Edit Button. Yay or Nay? (Leave a comment)
Tesla Cyber Rodeo and Giga Texas Opening
Some extra for the road
Facebook plans to create virtual coins and tokens dubbed “Zuck Bucks” to be used in the “metaverse”. Okay…
Tesla, Block and Blockstream team up to mine Bitcoin off solar power plant in Texas.
Overall, the markets ended the week “flat”.
Some articles I wrote this week
Block (Square): https://www.fool.com/investing/2022/04/05/why-block-stock-has-jumped-60-since-february-lows/
That’s all folks! See you next week.