The inflation reading"caught the market off guard," LPL Financial's Quincy Krosby told CNBC."The market had been expecting at least that we had leveled off — perhaps not moving downward but certainly not climbing higher. It was the wrong direction and the concern, of course, is always translated into what does this mean for the Fed."
President Joe Biden, asked during a press pool Tuesday if he was worried about the inflation numbers, replied,"No, I'm not, because we're talking about one tenth of 1 percent." "The stock market doesn't necessarily reflect the state of the economy, as you well know," Biden also said. "And the economy is still strong. Unemployment is low. Jobs are up. Manufacturing is good... I think we're going to be fine."
The mortgage market index and data on mortgage applications is due Wednesday, as well as crude oil and gasoline stocks data and the core monthly and year-on-year producer price index for August.
Please break the silence!!! Armenia under attack!! Armenian children are no different from Ukrainian ones...
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:
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Market Wrap: US Inflation Data Roils Markets, Bitcoin and Ether FallMARKET WRAP: Markets see red as inflation data underwhelms. Risk assets decline across the board. GWilliamsJr_CMT and _jocelynyang_ report GWilliamsJr_CMT _jocelynyang_ So, 🔥 everybody's printing free 💰 off defi and you won't mention it GWilliamsJr_CMT _jocelynyang_ It's live now airdrop on👏
स्रोत: CoinDesk - 🏆 291. / 63 और पढो »
A second leg down for the bear market in stocks would expose 3 'naked swimmers.' That won't be pretty.One strategist is warning of a potentially rough September/October period ahead, with chances that a second leg of a bear market could develop, exposing “naked swimmers.” Are naked swimmers bulls?
स्रोत: MarketWatch - 🏆 3. / 97 और पढो »
These three potential 'naked swimmers' threaten stocks and financial marketsMiller Tabak + Co.'s chief market strategist Matt Maley has his eye on three troubled areas of financial markets right now. He thinks investors need to be... Marketwatch’s website is just terrible.
स्रोत: MarketWatch - 🏆 3. / 97 और पढो »
BTC price clings to $20K as US stocks lose the equivalent of 4 Bitcoin market capsBTC price returns to $20,000 on a U.S. stock market rout with Bitcoin bears making a comeback. I don't undertand why nobody talk about this Markets are being manipulated to wreck the currencies of enemies of the D.C government, both fiat and crypto. The D.C government is using the livelihoods of Americans as leverage for this. It's them against everyone else, they have no allies. It's a malicious regime on a rampage temporary volatility
स्रोत: Cointelegraph - 🏆 562. / 51 और पढो »