1. The Federal Reserve says exactly what it should say, allowing everyone to dream what they want to dream. It pledged on Wednesday to continue to fight inflation and raised interest rates by 25 basis points. But the market appeared to rebound on Chairman Jerome Powell’s statement that inflation has “declined somewhat”. It’s still a question of salary. We need lower wages, but there are only so many things you can really build on without really eating into the economy.

2. Bears at pivot as we are back to where we were at the time of Jackson Hole in August when Powell pledged to continue using his tools to attack inflation. Those who attended that rally are now talking about the need for a break.

3. Thursday is the biggest revenue day this season for the Club, with nine of our holdings reported – three before the bell and six after the close. This listing includes mega caps Apple (AAPL), Alphabet (Google T Amazon (AMZN), as well as household names Starbucks (SBUX) and Ford engine (F). Check your inboxes and the site throughout the day for updates and analysis.

4. Momentary tech rise in the market as quarterly results weren’t as bad as feared. Consider Advanced micro-systems (AMD): Stocks rebounded on Wednesday after AMD delivered pace in the fourth quarter after Tuesday’s bell. We were also reassured by CEO Lisa Su’s confidence in the chipmaker’s data center prospects.

5. Metaplatforms (META) looked like the mature company we were expecting when it released its results on Wednesday after the bell. Bat on the top and bottom lines. It just got too cheap and then got some growth and cost reductions. They’re so sensible and they didn’t emphasize the metaverse on the investor conference call, even though they’re still spending. The social media company also announced a $40 billion buyout. It’s all in the tone, the recognition that there are shareholders. Huge multiple extension. Many PT increases, including Bank of America’s increase to $220 from $160.

6. Honeywell (HON) shares fell pre-market on Thursday after reporting a slight loss in revenue and a beat in adjusted earnings per share. The market was deemed weak immediately, but we’ve seen this movie before. No room for mixed cyclics and even the good ones are not rising for the moment.

7. drinker (EAT), which owns and operates Chili’s, had a strong quarter with double-digit margins. The business represents a big paradigm: the less wealthy customers fell as the price was taken, but the wealthier ones are spending like crazy, which makes for a much better quarter. Barclays and Citi raised their price targets.

8. Multiple price target increases for Platoon (PTON). That’s because this subscription model is professionally managed by CEO Barry McCarthy and the customers are turning over well. Take part and have a place in the training arsenal as many people feel comfortable working out at home. Now just another successful sub-company like McCarthy ran to netflix (NFLX) and Spotify (SQUARE).

9. Elevator company Otis in the world (OTIS) says business in the Eurozone is currently strongest. Most of the construction happens there and in the Middle East (Qatar, Dubai) and not in the United States or China. Very big change that needs to be noticed. CEO Judy Marks delivers another excellent quarter.

ten. Merck (MRK) not good enough? Shares fell more than 1% this morning despite higher and lower estimates.

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