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Watch Now: GDP Review + FOMC Preview

 
   
     
   
 
MAY 01 2023
 
 
Watch Now: GDP Review + FOMC Preview
   
DON YOCHAM
First Quarter GDP Review🎥
 

First Republic Bank (FRC) has now officially failed, being sold for parts over the weekend to JPMorgan Chase & Co. (JPM).

For the moment it would appear that “Too Big to Fail” banks are coming in handy for regulators. Though I expect that name will be put to the test over the coming months.

Bank lending is drying up. Businesses are retracting. And it won’t be long before the consumer follows suit.

In short, recession is on the way. Though I view stagflation as more likely as consumer prices continue to rise.

GDP has been on a steady decline over the last few quarters.

And, earlier today, I walked through that decline in a livestream for subscribers to my Prosperity Pub Community channel on Telegram, diving into the major components of GDP to see what’s contributing and what’s detracting from GDP.

You can watch the video here – it’s totally free to join.
Take What the Markets Give You.
 
 
JEFFRY TURNMIRE’S MORNING MONSTER 🎥
FOMC Decision Stirring the Pot
 
 
 

Another bank failure is in the books and the market could care less.

It does care about Wednesday’s FOMC decision though. And I’ll cover how the market is acting in anticipation of its release on tomorrow’s “Morning Monster.”

Every day, I livestream what I see as the day’s big movers. I cover specific stocks I expect to move and give you my rundown on all the major indices. 

Plus, I’ll take your requests to give whatever you want a good look.

Be sure to join me every morning, at 9:15am ET right here. 

Jeffry
CELESTE LINDMAN
Turn BS Into Your Greatest Asset
 

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They tell you when to enter a trade, when to get out… 

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Celeste
GUY COHEN
Upside Yes, Thin Participation Yes
 

To sum up earnings so far, we’ve seen some headline grabbers from the good (tech giants) to the bad (regional banks).

From a broad perspective it’s a mixed bag, but the main indices are influenced heavily by the biggest stocks. 

Just look at the SPDR Dow Jones Industrial Average ETF Trust (DIA), SPDR S&P 500 ETF Trust (SPY),and Invesco QQQ Trust (QQQ), and then compare them with the iShares Russell 2000 ETF (IWM).

It’s easy to see the contrast between large caps and the rest.

This could be a case of new leadership, which hauls the markets into bright new horizons, or it could be a sign of limited short-term upside (my hunch). 

That said, high quality individual stock setups are always worth considering.

As I go through my regular process, I still see the large caps having more upside potential, but I prefer not to chase the ones that have gapped up and gone parabolic… even though last week that might have been fruitful!

Typically the parabolic party only lasts for a limited time.

I expect more short term upside is likely for the leaders, and earnings will have a big say. But it’s interesting to see that so far, pre-earnings bullishness is not being matched by post earnings performance.

Guy Cohen
   
 
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