Snap Shares Sinking, the Fed's First 2023 Decision, and the January Indicator Trifecta 02/01/23

Shares of Snap are plunging on the heels of yesterday's Q4 earnings report, where the company beat on earnings but missed on revenue and daily active users. Neuberger Berman's Daniel Flax and Cleo Capital's Sarah Kunst discuss the social stock trade. Plus, investors are gearing up for the conclusion of the Fed's first policy meeting of the new year. Palumbo Wealth Management's Phil Palumbo and S&P Global Ratings' Beth Ann Bovino weigh in on what to expect. And, Wall Street has hit the January Indicator Trifecta, with the Santa Claus Rally, the First Five Days Early Warning System, and the January Barometer all logging gains. Credit Suisse's Patrick Palfrey explains the markets going forward. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.