Today in the Market (4/21/2022)

Good Evening. Investors continued to follow a constant stream of corporate earnings data against a backdrop of higher inflation and additional Fed policy tightening, and equities in the United States sank on Thursday.

The S&P 500 finished down 1.48% while the Dow Jones fell by 1.05%. However, the Nasdaq takes the sad cake and fell the most by 2.07%.

ELON IS NOT BACKING DOWN

According to a filing on Thursday, Tesla CEO Elon Musk is exploring acquiring shares of Twitter (TWTR) through a tender offer at a price of $54.20 per share.

Musk has secured commitment letters for financing totaling $46.5 billion. Musk would use a tender offer to buy shares directly from current Twitter shareholders.

The filing comes after Musk made a bid to buy Twitter for $54.20 a share, or more than $40 billion, last week. However, Twitter implemented a “poison pill,” or limited-term shareholder rights plans, in an effort to prevent a takeover and prevent Musk from building a greater interest in the company. 

At closing, TWTR finished up 0.77% to $47.08 per share.

FEDERAL RESERVE

Chairman of the Federal Reserve, Jerome Powell, emphasized on Thursday that the central bank’s primary goal at this point is to reduce inflation while avoiding pushing the economy into a recession.

Powell stated, “Our goal is to use our tools to get demand and supply back in synch so that inflation moves down, and do so without a slowdown that amounts to a recession.” He continued, “it’s absolutely essential to restore price stability. We need that to have a strong labor market over an extended period of time. We need it for financial stability. So we must do that.”

Interest rate hikes are one of the key instruments the Federal Reserve has to keep inflation under control, as higher rates reduce demand and put downward pressure on rising prices. With this in mind, Powell stated that a 50 basis point rate hike at the Fed’s next meeting may well be necessary to accomplish the central bank’s price stability goal.

Scroll to Top

Where Are You On Your Investment Journey?

Rise

Run

Relax

All investors are unique.  The above characteristics are examples, but may not reflect your particular investor demographics or situation.  An advisor with Edgar Investment Management, LLC will assist you with finding the best type of account for you. 

Investment advisory services are offered through Edgar Investment Management, LLC, an investment advisor registered with the State of Texas. Edgar Investment Management, LLC only offers investment advisory services where it is appropriately registered or exempt from registration and only after clients have entered into an investment advisory agreement confirming the terms of engagement and have been provided a copy of the firm’s ADV Part 2A brochure document.

The content found on this website is developed from sources we believe provide accurate information and is for educational purposes only. The information on this website is not intended as tax or legal advice. Everyone’s tax and legal situation is different, so please consult trusted and knowledgeable legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided on this website are for general information, and should not be considered a solicitation for the purchase or sale of any security.

Material and information found on this website is not intended as an offer or solicitation for the sale or purchase of any specific security, mutual fund, ETF, bond, or investment strategy.  

Investing is risky!  No guarantee as to performance of any investment is implied by this website.  Make sure you have evaluated your options and spoken with trained professionals before you implement any investment strategy.  Past performance is not indicative of future results.  

Please be advised that Edgar Investment Management, LLC is a financial advisory firm specializing in investment management and financial planning services. We do not offer or provide any CPA-related services, including tax preparation, tax planning, or other accounting services. If you require assistance with tax-related matters, we recommend consulting a qualified CPA or tax professional who can provide specialized advice tailored to your individual needs.

Edgar Investment Management, LLC is not a Public Accounting firm.

 

Contact Us

Name
Best time(s) to contact you?
Best method(s) to contact you?

Contact Us

Name
Best time(s) to contact you?
Best method(s) to contact you?

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.

  • About You

    Tell us a little about yourself. Don't be shy. Let's be friends.
  • How Can We Reach You?

    We would love to chat with you. How can we get in touch with you?
  • What's on your mind?

How much do you want to invest?