469 days ago
The Conference Board's gauge of inflation expectations dropped to its lowest since August 2021 (source: Bloomberg). The drop in inflation is welcomed by markets that see this as an encouraging sign for central banks to eventually 'pivot'.
479 days ago
The main central banks in the world are expected to end 2022 with additional rate increases as they continue to fight against inflation. The US Federal Reserve will meet on Wednesday, followed by the European Central Bank, the BoE, and Switzerland's SNB on Thursday. On Tuesday, US inflation statistics will provide us with new insights into the Fed's strategy. The Fed meeting and the inflation statistics come as a double punch and could determine the direction of US stocks for the remainder of the year and beyond. Lastly, analysts will be closely following earnings from cloud software giants Oracle (Monday) and Adobe (Thursday), expected to be released after the bell.
482 days ago
The risk sentiment has improved somewhat following upbeat earnings from Broadcom. Traders will be closely watching for this afternoon's US PPI print. A softer reading could lead to another strong rally in risk assets. S&P500 bulls could be targeting last week's highs.
489 days ago
The Nasdaq is holding steady ahead of a key US jobs market report with the unemployment rates and Nonfarm Payrolls. A weaker jobs market could be positive for stocks as traders assess the likelihood of a Fed 'pivot'.
490 days ago
Markets are buoyant with recovering risk sentiment since Fed Chair Powell's speech last night in which he emphasized the Fed will be careful not to overtighten and will likely slow down the pace of rate hikes. US PCE, the Fed's favorite gauge of inflation came softer than expected, increasing the likelihood that the Fed will 'pivot' sooner than later, given the recent data that points towards a decelerating pace of inflation.
