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Show Notes
A record 13 straight up days for the DOW!!!
Federal Reserve
Jerome Powell and team raised rates by .25 basis points.
Forecasts No Recession
People are still getting too many good jobs.
Not enough unemployed
Inflation is still too high
Wants to decrease security holdings
It will take time for what they have done to impact inflation
3:00pm ET Screenshot
Once Jerome Powell finished speaking
META 0.00%↑ Facebook reporting after hours and I must say it was impressive.
Beat revenue estimates by 3% & beat guidance by 4.1%.
Slightly beat user growth estimates for Facebook & its Family of Apps (FOA)
FOA revenue beat estimates by 3.8%.
Beat ad impression growth estimates of 17.8% Y/Y with growth of 34% Y/Y.
CMG 0.00%↑ Chipotle was down -8.76% after earnings
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