High Beta Merge Ideas
Jul 29, 2022
• 4
Min Read
Author
Data Dump
Last week, we discussed the market’s positive reaction to the deluge of negative economic data. Despite a continued murky economic outlook, risk assets performed well. This was an encouraging sign that gave us confidence that we have seen the market put in this year’s lows.
We also mentioned that this past week would be another crucial week of data, with an expected negative real GDP report, a consequential FOMC meeting, and a slate of critical tech earnings.
On Wednesday, Chairman Powell took to the podium and announced that the Fed was raising rates by 75 bps. The mar...