U.S. stocks revisit lows on growth fears ahead of U.S. Fed - BNN Bloomberg

US stocks extended their slump this week amid growing concern outsized Federal Reserve interest-rate hikes will crimp economic growth. The dollar pared gains to trade mixed against its major counterparts.

Equity markets took an abrupt pivot lower this week after hotter-than-expected inflation data spurred traders to ratchet up wagers for rate hikes and sparked the worst one-day stock selloff in two years. Since then swaps continue to price in a 75 basis-point hike when the Fed meets next week -- with some wagers leaning toward a full point -- and policy-sensitive two-year yields have climbed to the highest level since 2007, deepening the curve inversion that’s seen as a recession signal.

FedEx’s warning comes as companies across industries start to paint a grimmer picture of the economy. Bank of America Corp.’s Michael Hartnett said an earnings recession will likely drive US stocks to new lows, well below current levels. The University of Michigan survey showed US long-term inflation expectations fell to the lowest in more than a year in early September, with consumers expecting prices will climb at an annual rate of 2.8 per cent over the next five to 10 years, the lowest since July 2021. They see costs rising 4.6 per cent over the next year, the lowest since last September.

Oil and gas stocks 👍

Nothing

Fill up my TFSA to the max.....LaurentianBank offer me 4,84% for one year....cash...tax free....close to $4000

PC macaroni instead of Kraft

T BILLS to guard against Deflation?

I put « other » and that’s Lego sets .

Bought Live Cattle and Wheat 2 weeks ago. Will keep looking at agriculture, but also Uranium and gold.

Not buying but selling. Sold my house 6 months ago as a hedge against inflation. Prices should be another 65% lower in 3 to 4 years which is when I will buy it back. Until then renting a similar house.

O&G all day

Nothing. That’s why I’m paying my ATBwealth_ advisor

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U.S. stocks slide deepens as dollar extends advance - BNN BloombergEquities extended declines on Friday, with an index of global stocks on track for the worst week since June, while a gauge of the dollar soared to a fresh record, reflecting bets for outsize Federal Reserve interest rate hikes. The only reason inflation is rising and we are heading for a recession is very simple Govt spending. Gov’ts and National Bankers are destroying the economy not the people they are just suffering because of it.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Why yesterday's market carnage — the worst rout in more than two years — wasn't so scary after allA semblance of calm returned to markets on Wednesday after the carnage sparked by hotter-than-expected American inflation that prompted investors to reassess the outlook for interest rates and economic growth.
Source: calgaryherald - 🏆 64. / 52 Read more »