Trading Week of Nov 14 – Nov 18

Posted on: November 14th, 2022
By: Tadeo Martinez

Economic Factors

  • Fed Meeting: Dec 13-14
  • US Treasury: 3.872%
  • Yield Curve: Downward slope
  • Inflation: 7.75%
  • Mortgage Rate: 7.197%
  • Unemployment Rate: 3.7%
  • Oil Prices: $86.07
  • Spy: $399.96
  • VIX Index: $23.04


BREAKING: Amazon is planning to lay off approximately 10,000 employees in corporate and technology jobs starting as soon as this week – New York Times

Disney plans hiring freeze, layoffs and cost cuts, according to a memo from CEO Bob Chapek

Nasdaq adds 1.9%, S&P 500 closes nearly 1% higher and notches best week since June

Sam Bankman-Fried steps down as FTX CEO as his crypto exchange files for bankruptcy

Dow pops 1,200 points, S&P 500 jumps 5% in biggest rally in two years after light inflation report

With the CPI not as bad as expected the market now expects for rate hikes to start easing. However, the Fed said it won’t ease on rate hikes until inflation has come back down to a normal level of about 2%

Target shares plunge after retailer reports profit decline, warns of soft holiday quarter

This shows signs of a slowing economy

Amazon starts cutting jobs, with layoffs hitting Alexa unit and cloud gaming division

Macy’s raises earnings forecast, says it has fresh inventory for the holidays

Dow falls 200 points as rising yields spark recession fears

Alibaba Quarterly Results Hamstrung By Covid Lockdowns, Regulations

Even with weak earnings the underlying price rose.

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