Stock Market News Nov 7 - Nov 11 - Brown Surfing

Stock Market News Nov 7 – Nov 11

Posted on: November 7th, 2022
By: Efrain Lemus

Economic Factors

  • Fed Meeting: Dec 13-14
  • Inflation Report: due Thursday
  • US Treasury: 4.205%
  • Yield Curve: Downward Slope
  • Inflation Rate: 8.20%
  • Us Dollar Index: 110.41
  • Mortgage Rate: 7.831%
  • Unemployment Rate: 3.7%
  • Oil Price: $92.29
  • VIX Index: 25.03

News

Apple warns Covid restrictions in China are hurting iPhone production

I wonder if this will affect the stock. Although low supply increases demand and prices.

U.S. payrolls surged by 261,000 in October, better than expected as hiring remains strong

This solidifies that rate hikes will keep happening as it’s showing the economy is still growing.

Healthcare was the biggest growth area.

However, Tom Porcelli says the bigger picture and future do foresee a slowing economy.

AMZN and AAPL are pausing hiring.

Jerome Powell’s target inflation is 2% and won’t stop with the rate hikes until inflation has come back down to 2%.

Here’s Where the Market Stands After Friday’s Bounce

There’s a mix of bullish and neutral feelings.

Questions

Why is the market rallying after a Fed meeting with a .75 rate hike?

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