S&P 500 Extends Slide as Traders Eye Economic Data, Bank Earnings

  • 📰 DailyFX
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

S&P 500 sinks by 1% as traders brace for CPI on Thursday. Fedspeak remains hawkish as FOMC looks to talk down market. Bank earnings to set the tone for Q3 earnings season.

Stocks are sliding to start the week as traders remain on edge ahead of Thursday’s US CPI print. Risk assets have struggled lately as markets once again are forced to digest the prospect that a Fed pivot is not imminent. With Fed Chair Jerome Powell not changing his tune from Jackson Hole, subsequent Fedspeak has reiterated the hawkish intent of the FOMC. Equities still continue to tread water as rates and FX markets continue to flash warning signs.

This week sees a significant amount of event risk, as traders will look to navigate Thursday’s US CPI print and the first wave of corporate earnings. While the market will likely be volatile into and after CPI, the market is effectively priced for 75 basis points in November, and the bar remains extremely high for this to change. Friday sees Citi, JP Morgan, Wells Fargo, and Morgan Stanley all report earnings.

With YTD lows for ES firmly in sight, poor sentiment and continued expectations of a hawkish Fed may see ES trade down to major Fib support around 3500. As interest rate volatility remains elevated, it remains difficult to see a period in which equities can mount a sustained rally. When your rallies are caused by short covering, it is safe to say your markets are under serious pressure.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 305. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Stocks soar, yields slide on hints of cooling economyWATCH: Global stocks climbed for a second day on Tuesday, after Britain's decision to ditch part of a controversial tax-cut plan and slightly paler expectations for aggressive central bank action returned some confidence to investors Posting a week old news 3 min ago? These people need to find other jobs for real!! Global stock prices driven this week by Fed interest rate expectations NOT Britain's minor tax changes. Reuters stop posting rubbish.
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »

Top Wall Street analysts pick these stocks as the market grows increasingly uncertainTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Apple & Amazon.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

These stocks are sharply growing earnings despite the economic slowdown, and analysts love themCNBC Pro set out to find which stocks could still do well in this environment of muted overall earnings growth and increasing odds of a U.S. recession.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Australia stocks fall more than 1%; Japan, South Korea markets closedAustralia stocks fell more than 1% on Monday morning on a quiet day in the region, with a few major markets closed. Everyone’s economy is doing terrible
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Goldman says these 'cheap' global stocks are set to win in the short and long-termGoldman Sachs said the absolute and relative valuations of these companies look cheap compared to history. SPAM Which Goldman research article is this based on? Thank you. weizent
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Hong Kong Stocks Drop 2%; China Markets Lower After Golden Week HolidayShares in the Asia-Pacific fell on Monday, with Hong Kong’s Hang Seng leading losses.
출처: NBCDFW - 🏆 288. / 63 더 많은 것을 읽으십시오 »