April 7, 2022

Markets:

Stock futures rose slightly on Thursday as the market tried to recover from back-to-back losing sessions, while traders digested the Federal Reserve’s plans to tighten monetary policy.

Shares of HP Inc surged 15% in the premarket after Warren Buffett’s Berkshire Hathaway disclosed a stake in the tech hardware maker.

The Fed on Wednesday released the minutes from its March meeting, which showed that officials planed to reduce their trillions in bond holdings with a consensus amount around $95 billion. Meanwhile, policymakers indicated that one or more 50 basis-point interest rate hikes could be warranted to battle surging inflation.

Investors await the weekly jobless claims data Thursday morning, which is expected to show a total of 200,000 claims filed.

Investors also continue to monitor the Ukraine-Russia war, as Ukraine asks NATO for more weapons.

Crude prices ticked higher after falling in the previous session. U.S. oil gained 0.7% to $96.94 per barrel, while international Brent advanced 0.9% to $101.95.

Portfolio:

We enter the new trading session holding positions in TWTR, DLO, and ITRM.  We are continuing to allow the price activity to digest the latest news / headlines.  The daily swings are wild. Do not chase these moves.  We will continue to pinpoint opportunities we see developing in the weeks to come based on price movement.  This has been a great way to manage / navigate this market right now.  However, next week begins a new earnings season.  This should be another element to provide further opportunities.  Be ready today, continue to be patient, and let's have a great session.