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01-28-2023: SPY Nears Golden Cross, Big Buybacks are Workers' Loss

01-28-2023: SPY Nears Golden Cross, Big Buybacks are Workers' Loss

Published 3 years, 4 months ago
Description

This week in the China Shop, Dan and Kyle are discussing the latest inflation numbers and economists' Fed predictions, along with the bullish price action in the SPY. In Stock News, a new short report from Hindenburg causes big moves in India's Adani, things get worse for INTC and Chevron and UNP announce massive buybacks. Over in the Crypto Corner, Kyle updates us on the "big" DOJ crypto announcement, while another crypto company seems to lack risk management controls. For The Bet, Kyle tries desperately not to ruin Dan's big returns from last week.

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Links:

Japan and Netherlands Join US in China Chip Controls

Inflation Rate Slows to 15 Month Low

Fed Set to Deliver 1/4bps Rate Hike

S&P Nears First Golden Cross in 2.5 Years

INTC has Worst Day in 15 Months

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