What a week (and it’s not over yet)

In this buzz:❗Meta; Earnings & Job reports; NASDAQ and some thoughts on everything else…

After…
– earnings,
– a Fed meeting,
– Meta’s best day in 10 years,
…it’s hard to believe we still have a jobs report to navigate before we can put this week in the books.

Investors who bought the dip and have been riding the equity rally with their little diamond hands have to be pleased. The NASDAQ has had its best start to the year since 1975 and the market’s reaction to this week’s Fed hike was encouraging.

Today:
The payroll report double even the most optimistic forecasts and added 517,000 jobs in January.. While Meta’s “year of efficiency” hit all the right notes with investors, buybacks are encouraging and many stocks have beaten estimates, it’s what the future holds that matters.

And the questions about the future include:
– is the Fed almost done hiking rates?
– How about the job market, is it still as loose as yesterday’s claims number make it seem?
– Has the pullback by consumers been transitory, like inflation is supposed to be?

Hang on to you hats as grandpa used to say, we could be in for a bumpy ride in 2023.