bullish
Weekly Stock Bullfinder - Week of 11/7
SUMMARY
- Michael Kantro (@MichaelKantro), Chief Investment Strategist at Piper Sandler, put together the “HOPE” roadmap to illustrate the chronology of how and where the Federal Reserve’s interest rate hikes ripple through and impact the economy.
- The order of the HOPE roadmap dictates that the housing market is the first to slow, followed by new orders, then S&P 500 profits, and last is the employment market.
- The Federal Reserve’s latest increase, the fourth consecutive increase of 75 points, brings the federal funds rate – which acts as a benchmark for everything including business loans, credit card and mortgage rates – to between 3.75% and 4%, the highest level since January 2008.
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