"Understanding the Basics: A Beginner's Guide to Navigating the Stock Market on Feb 5, 2024"

Markets ended last week higher across the board. All three indexes ended up over 1% while Bitcoin gained 3%. Meta earnings were amongst the drivers of last weeks market. Earnings Season is not done yet!

This week we will get earnings from McDonalds (MCD), Chipotle Mexican Grill (CMG), Disney (DIS), Ford (F), and Eli Lilly (LLY). That will be a great insight into the state of the consumer.

Fed Chair Jerome Powell wants more evidence inflation is moving down "substantially" before he's on board with lowering rates. Unfortunately, good earnings are not exactly the evidence he is looking for, still its good news for the economy. So far 80% of S&P 500 stocks beat estimates, that's better than usual.

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