S&P 500 Tumbles with the Fed Fuelling the Rate Hike Heat. Will Wall Street Recover?
S&P 500, Nasdaq 100, Russell 2000, Dow Jones 30, Fed – Talking Points The S&P 500 has eased as the market appears to be listening to the Fed A chorus of Fed speakers all sung from the same song sheet overnight The tightening cycle appears to have been elongated. Will the S&P 500 go lower? […]
Market Spotlight: State Street Earnings in Focus Today
State Street Up NextUS earnings season rolls on today with State Street among the big names reporting. On the back of mixed results from financial earlier in the week (Morgan Stanley beat estimates, Goldman Sachs missed estimates), traders will now be looking to see which side of the line State Street falls on. The bank […]
USD/JPY refreshes day’s low around 131.40 as street sees further softening of US Inflation
USD/JPY has refreshed its day’s low at 131.40 as odds for further US inflation softening soar. Federal Reserve might look to tweak its monetary policy projections if US inflation continues its downside spree. The Bank of Japan is firmly considering an exit from its secular long ultra-loose monetary policy. USD/JPY is hovering near the lower […]
The Theatre Bizarre Rolled Up Its 2023 Curtain to Perform to Wall Street
A broad spectrum of equities and currencies are still very much in the dark when it comes to their further net momentum. The initial and fair-minded examination of the circumstances may tell us that the borrowing cost agenda, that is basically represented by the collective expectations on the pace of interest rate adjustments, takes centre […]
Market Update – January 10 – Wall Street in a dangerous game ahead of Powell, CPI, earnings
Treasuries remained firm, yields finished off of their lows. Wall Street turned mixed in the afternoon after the US30 and US500 shed their advances. Hawkish Fedspeak from Bostic and Daly generated some cold feet and subsequent profit taking ahead of Fed Chair Powell’s comments later. The advent of $90 bln […]
Wall Street Snaps Losing Streak with Modest Gains
Wall Street ended a four-day sell-off on Tuesday, with the Nasdaq, S&P 500 and Dow Jones all posting modest gains of 0.01%, 0.10% and 0.28% respectively. Meanwhile, US Treasury yields continued to rise, with 10-year bond yields hitting their highest level of the month. One of the overriding themes this year has undoubtedly been energy […]