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November 3, 2022 - Daily Market Briefing

November 3, 2022 - Daily Market Briefing

Published 3 years, 11 months ago
Description
Tom and Ben discuss the release of economic data showing an apparent slowing of the economy. Qualcomm notes that smartphone sales are down nearly 8% as Costco sees monthly sales begin to decelerate. Refined oil sees their lowest inventories since 2014, and the future of the reserve supply isn't exactly certain. FED meeting recap creates another push of lowered senitment in the market as the rate hike and Powell's speech saw a huge decline in the market to end yesterday.

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