The Monday Mix: Nov. 21 – 27, 2022
— The Federal Reserve is expected to make smaller interest rate increases starting this Dec., with its key rate now at 3.8% expected to approach 5% in 2023.
— For third quarter 2022, overall earnings growth rate for S&P 500 companies is expected to be 2.2%, the lowest level since Q3 2020 (-5.7%).
— U.S. home sales fall for 9th month in a row in October, hurt by rising mortgage rates and relatively high real estate prices.
— Black Friday 2022 online sales hit a record $9.1 billion, despite higher prices and concern about inflation, slowing economy.
— Mass protests in China over Covid-related lockdowns caused oil prices and Chinese stocks to fall on concerns about the negative economic impact.
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