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Why did Nike and FedEx stock rise in Q2?
Nike Inc shares rallied sharply after beating profit expectations for its second quarter on strong holiday demand from North American shoppers, while FedEx also gained and shares in cruise operator Carnival Corp jumped after disclosing that booking volumes during the fourth quarter of 2022 for 2023 sailings are nearing 2019 comparable booking le...
Is the Fed's interest rate hike a threat to the stock market?
It's not just the Fed's raising interest rates poses a threat to the stock market. It's also its balance sheet reduction plans, as it reduces its massive $8.6 trillion balance sheet by $95 billion per month. With the Fed shifting to selling bonds rather than buying them, that sucks liquidity out of markets, and stocks love liquidity.
Will the Fed change to 'predictable' in 2023?
"First, Fed framework likely changes to 'predictable Fed' as inflation is now operating near their long-term goal of 2%. This would be a massive dovish pivot, and could mean Fed pauses entirely in 2023," he explained. "This is true even if labor markets remain solid."