Market Update Newsletter 2/27/23

Futures are pointing to a higher open after we ended the week down last week after the Fed's preferred measure of inflation rose more than expected. Another rate hike seems to be in the near future. Bitcoin (BTC) is sitting at $23K.

Tagregt (TGT) is reporting earnings tomorrow. Walmart (WMT) reported a strong holiday quarter last week, but Walmart's sales are majority groceries. Target grocery sales only make up about 40% of total sales.

The U.S. Department of Energy released a statement that the agency assessed that Covid-19 came from a lab leak.

Warren Buffet, the head of Berkshire Hathaway (BRK.B), hosted their annual shareholder event where he vented his frustration about President Biden's dislike of corporate stock buybacks.

Happy Investing!

The Punkrock Capitalist