April 21, 2022

Markets:

Stock futures rose in morning trading Thursday as investors digested more quarterly reports from the likes of Tesla and United Airlines and awaited a policy speech from Federal Reserve Chairman Jerome Powell.

First-quarter reports drove premarket moves. Tesla rose nearly 7% after better-than-expected earnings, while United added 7.5% after the airline forecasted a profit in 2022.

Investors were looking to a speech from Powell, who will talk at 1 p.m. ET during the International Monetary Fund Debate on the Global Economy.

Despite market expectations for a series of aggressive interest rate increases, Fed officials in recent days have talked down making any dramatic moves.

Regional presidents Mary Daly of San Francisco, Charles Evans of Chicago and Raphael Bostic of Atlanta all have said that while they see the need to hike rates to tame inflation, they don’t want to do anything that would halt the expansion. Daly did concede that tighter policy could trigger a mild recession but she said that’s not her most likely case.

Portfolio:

We enter the new trading session holding positions in NU, CVE, TWTR, and holding itrm for a lotto.  Very strong week for us thus far but we are entering a phase with massive opportunities should everything align.  The next key element to get through; Powell speech today.  If he does not send the markets in to some type of tail spin and is received well; we can have a massive buying opportunity for the short term.  This is a key event today.  

Please be ready today for new trades and further updates.  Let's have a great session!