This week in the China Shop, the release of the latest CPI numbers has one notable economist bracing for another mistake in Fed policy. All that, however, is overshadowed by the increasing likelihood of a Russian invasion of Ukraine. In Stocks and Options, Zillow posts a big earnings beat, the FDA votes against Eli Lilly’s cancer treatment and Nokia is set to begin their planned share buybacks as soon as Monday. Kroger and Target round out this week’s watchlist. Over in the Crypto Corner, seven exchange executives in South Korea get prison sentences and more than one crypto related companies have bought Superbowl ad spots. Two weeks into the Bet and the green streak continues, though someone has a big lead.
2 Bulls in a China Shop: 02/11/22
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Links:
Markets Waking up to the Probability the Fed is Making a Mistake
S&P Falls as Putin Said to Give Go Ahead for Ukraine Invasion
Strong Inflation Readings Leads to a Firestorm of Hawkish Fed Speculation
After Huge Year of Growth, US Economy About to Slam into a Wall
Zillow Q4 Earnings
FDA Votes Against Eli Lilly Cancer Treatment
Nokia to Launch up to $300 Million Euro Stock Repurchases
Seven Crypto Exchange Execs Handed Prison Sentences
Crypto Superbowl 2022 Commercials
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