What I am looking at Monday, Sept. 19, 2022 U.S. stock futures are in the red again as bond yields go higher again. The 10-year Treasury yield on Monday jumps to an 11-year high of 3.5%. The 2-year yield , already around late 2007 highs, closes in on 4%, signaling MULTIPLE interest rate hikes after the one expected this week at the Federal Reserve's two-day September meeting, which ends Wednesday. I wrote about this backdrop Sunday, which is sapping enthusiasm for all stocks including oils.
Both companies are set to report Wednesday. Toll Brothers also to hold from sell. PulteGroup buy from hold, very contrary call. Multiple price cuts in FedEx still. Mix of macro and micro . Bank of America says do not sell Club holding Amazon on FedEx warning. We said that last week . BofA says iPhone orders still elevated. Good news for Club holding Apple Oppenheimer goes to a outperform on Netflix . Down enough? Ad supported under appreciated.
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