Market Wrap – Central Banks Rate Frenzy Puts Bears Back in Charge June 16, 2022

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  • 16 Jun '22 at 3:27 pm #38824
    TradersCom
    Keymaster

    The post FOMC meeting delusional stock market rally reacted the next day as one would suspect after the Fed raised 75 bps sending the $ES_F and other
    [See the full post at: Market Wrap – Central Banks Rate Frenzy Puts Bears Back in Charge June 16, 2022]

    17 Jun '22 at 6:12 am #38836
    Truman
    Participant

    Adobe, Inc. (ADBE 351.52, -13.56, -3.7%): beats by $0.04, reports revs in-line; guides Q3 EPS and revs below consensus; lowers FY22 EPS and revenue guidance
    U.S. Steel (X 20.81, +1.23, +6.3%): issues upside adjusted EPS guidance for JunQ and expects record adjusted EBITDA of $1.6 bln
    Roku (ROKU 81.57, +2.99, +3.8%): Company and Walmart (WMT) announce partnership where WMT will be the exclusive retailer to enable streamers to purchase products on Roku platform
    Alibaba (BABA 111.70, +10.25, +10.1%): China accepts Ant Group’s application to become a financial holding company

    17 Jun '22 at 6:12 am #38837
    Truman
    Participant

    The global equity markets mostly higher heading into $3 Trillion+ OPEX.
    S&P Futures $ES_F up near 1% trading around 3700 OI area.
    Buyers came in after recaptured 3670 zone with 3668.50 representing night’s low.
    Spoos high of 3713.50

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