to hit the U.S. and global economy. The big concern is the Fed’s aggressive policy to raise interest rates to cool inflation, which could go too far and slow the economy so much that it slips into a recession.Wall Street turns its focus this week to the latest round of corporate financial results. The earnings reports and financial updates could help give investors a clearer picture of how companies and consumers have been dealing with inflation.
Other big names reporting earnings this week include Johnson & Johnson, Netflix, Union Pacific and American Express. Several companies gained ground Monday on a mix of specific corporate news. Oil producer Continental Resources jumped 8.7% after saying it will be taken private as part of a deal with founder Harold G. Hamm.
Investment bank Credit Suisse rose 3.6% after agreeing to pay $495 million as part of a settlement in a dispute with the U.S. over mortgage-backed securities.
When you accept that the stock market is irrational, you'll be better off.
Fox will have to play up inflation more tomorrow. Upward moves by the stock market don't fit its narrative.
Market makers make the money, trick people into jumping in then Dump it. It's a giant rigged game.
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