Powell Still Hawking while the Markets Keep Dropping
This week in the China Shop, a slew of Fed speakers leaves the guys with much to discuss in relation to rising interest rates. Russian oil and the effects of the sanctions also makes the news along with a recent unemployment study examining the effects of cutting benefits in the US. In Stocks and Options, BBBY gets buyer interest in its buybuy BABY line and ATVI actually wins a lawsuit. Over in the Crypto Corner, Stripe launches a crypto payment option with Twitter and addiction centers in Switzerland open up with a hefty price tag. Coming into the home stretch for The Bet, Dan's big lead has Kyle and Random looking for a home run.
2 Bulls in a China Shop: 04/22/22
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Links:
Powell Confirms 50bp Hike is on the Table for May
Nomura Sees 75bp Hikes in June and July
Mester in Favor of 50bp Hike but Not More
Oil Traders Help Russian Oil Reach Global Markets
Israel Central Bank Adds Yuan to Currency Holdings
Report Says Cuts to Unemployment Benefits Didn't Spur Jobs
BBBY Spikes on Reports of Interest in buybuy BABY Unit
ATVI Dodges Another Bullet
Stripe Launches Crypto Payments Feature with TWTR as First Client
Can You Be Addicted to Crypto Trading?
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