The Fed just raised rates by a quarter point.
Along with the hike, the central bank is penciling in another six rate hikes this year. For 2023, we could see another three hikes, with no hikes in 2024.
In fact, officials are signaling they expect for the rate to rise to about 2% by the end of the year. By the close of 2023, the rate could be up to 2.75%.
It’s March Madness, baby!
With the 2022 NCAA Division 1 tournaments tipping off, it’s typically been a great money maker for networks, advertisers, and sports betting stocks.
There’s no easy way to put this.
While stocks are pushing higher, there are still plenty of catalysts that could send the markets into a tailspin. For example, COVID variants are still making the rounds. We have sky-high inflation, and a hawkish Federal Reserve. Mid-term elections are nearing.
By now, you’ve heard a lot about the metaverse.
While it may take years before the metaverse goes mainstream, if it can eventually deliver on its potential, its impact on the world, and on investors could be significant.
Higher inflation has been rough on us all.
We’ve seen it in oil, natural gas, and food prices.
In December, for example, the consumer price index (CPI) was up 7% year over year — the fastest since 1982, according to The Wall Street Journal.
Markets may be plunging.
But there’s still a good deal of opportunity to be found.
Look at video game stocks, for example.
Since Microsoft (MSFT) announced it wants to acquire Activision Blizzard (ATVI) in an all-cash $68.7 billion deal, gaming stocks have been on fire. All on speculation we could potentially see newer deals in the weeks to come.