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Stocks try to recover
On Friday, the S&P 500 nearly closed 20% lower from its all-time high in January signifying a bear market. However, a late-day rally pushed the index into the green. Today, the market once again went upwards. J.P. Morgan announced that it will reach a key performance target this year in a switch from earlier this…
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The Fed Hikes Rates
For the first time since back in 2018, the Federal Reserve has increased the key benchmark interest rate by 25 basis points. It is worth noting that in 2018, the S&P 500 had a year-end return of -6.24%, which was the worst return since the 2008 financial crisis. Looking at this, it appears that Wall…
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Snapchat’s First Net Profit Ever
It continues to remain a volatile time for the markets and investors must be vigilant around inflationary pressures and rate hikes. However, Snap Inc. reported some extremely well-received Q4 earnings today. Most noteworthy of all? They made $22.6 million in net profit. While it may appear small, it is Snapchat’s first net profit ever. They…
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January Recovery?
For a market rally to take shape, there should be some positive news on multiple fronts. One of which would be the Omicron variant which has caused volatility for the markets for much of the beginning of 2022.The Omicron variant is one of the most concerning to date due to its transmissibility. However, South Africa,…