Return of the Hawk?

Issue #76

NEWS!

JOIN US ON INSTAGRAM ⭐️

WEEKLY WIZDOM TELEGRAM ⭐️

OPERATION Telegram Overhaul: COMPLETE!

Instructions for navigating entry to the new chats can be found HERE.

Once added to our allowlist, a bot will automatically add you to the groups. It will also kick users if their subscription lapses, so please maintain your subscription to ensure uninterrupted access!

If you have any queries, contact us in the support Telegram chat, and we can help you.

THE EDGE WORKSHOPS

Don’t miss our workshops EVERY Wednesday. Now at 5 pm EST!

All workshop recordings can be found on our website under “The Edge” tab or by clicking HERE.

We Called It!

  • @donnyenglish - Week 72 - “looking to add following a daily close above $10.40”, the stock closed +24% on Tuesday, closing at $11.26 (+8% spot gain)

Macro Markets

The U.S. Federal Reserve is expected to hold rates steady after its next meeting on Wednesday, May 1. However, there may be hints regarding how the Fed expects to react to the uptick in inflation reported in 2024. Fixed-income markets still expect the Fed to cut interest rates later in the year.

As such, the path to the Fed’s 2% inflation goal is less certain, as annual inflation is between 3% and 5% today, depending on the metric used. Even in the best case, 2% inflation could take longer than expected. For now, the Fed is expected to leave rates at high levels for longer in reaction to inflation data, but interest rates will still be cut in 2024.

US Fed Chair Jerome Powell will hold a press conference after the announcement. Investors worldwide will be closely monitoring what the US Federal Reserve says. Powell's talk may hint at the future course of monetary policy.

Payrolls

The U.S. economy is expected to have added roughly 243,000 jobs in April, potentially keeping the unemployment rate steady at 3.8%. However, the market has repeatedly underestimated the labor market’s resilience, so a stronger-than-anticipated NFP survey remains possible. That said, a particularly robust jobs report would likely propel the U.S. dollar upwards, as it could reinforce expectations of a cautious Fed on rate cuts.


THIS IS EXCLUSIVE INFORMATION! WANT MORE?
BECOME A PREMIUM MEMBER FOR ACCESS!

Disclaimer  

Wizard of Soho LLC and Weekly Wizdom publish financial information based on research and opinion. We are not investment advisors, and we do not provide personalized, individualized, or tailored investment advice, nor do we provide legal advice or information. The publisher does not guarantee the accuracy of the information provided on this page. All statements and expressions present are based on the author's or paid advertiser's opinion and research. Directly or indirectly, no opinion is an offer or solicitation to buy or sell the securities or financial instruments mentioned. As news is ever-changing, the opinions included should not be taken as specific advice on the merits of any investment decision. Investors should pursue their own investigation and review of publicly available information to make decisions regarding the prospects of any company discussed. Any projections, market outlooks, or estimates herein are forward-looking and inherently unreliable. They are based on assumptions and should not be construed to be indicative of actual events that will occur. Contrarily, other events that were not considered may occur and significantly affect the returns or performance of the securities discussed herein. The information provided is based on matters as they exist on the date of preparation and do not consider future dates. As a result, the publisher undertakes no obligation to correct, update, or revise the material in this document or provide any additional information. The publisher, its affiliates, and clients may currently or foreseeably have long or short positions in the securities of the companies mentioned herein. They may, therefore, profit from fluctuations in the trading price of the securities. There is, however, no guarantee that such persons will maintain these positions. Unauthorized reproduction of this newsletter or its contents by photocopy, facsimile, or any other means is illegal and punishable. Neither the publisher nor its affiliates accept any liability for any direct or consequential loss arising from any use of the information contained herein. By using the website or any affiliated social media account, you consent and agree to this disclaimer and our terms of use.