This week is set to come at you thick and fast. Earnings, central bank decisions, and important economic data are in the pipeline.
That opens the question of what’s really driving stocks these days. The most reliable correlation of late seems to be that as bond yields go higher, stocks go down as well. And with the 10-year yield already around 5%, the next question is whether bond yields will continue to rise. As Fed’s Rate Decision Looms, It Examines Old Model The Federal Reserve is expected to hold interest rates steady at its two-day meeting that starts on Tuesday, extending the pause that began after the last rate hike in July. Officials are signaling they’d like to stay on the sidelines but could keep a December rate increase in the cards.
What’s Next: Peltz’s Trian hasn’t officially launched a proxy battle against Disney. The public intervention of Perlmutter heightens the stakes for Iger ahead of the nominating window for the board of directors in December. It could pile on the pressure for Iger to pull out a major announcement such as the spinoff of ABC or an external investor for ESPN.
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