There’s no near-term respite in sight for stocks as a new week begins, with futures tumbling ahead of what many see will be a firm foot by the Fed “on the brake pedal this week.”
Technical analysts are warning that markets are poised to retest June lows, with 3,640 on the S&P 500 SPX in the spotlight. Our call of the day comes from Julian Emanuel, Evercore ISI’s chief equity and quantitative strategist, who thinks the Fed will drag the dollar lower sooner than many think. From the “Denominators” list are export-oriented sectors with more than 70% foreign revenue exposure and high short interest, that have underperformed their peers in 2022. NVIDIA NVDA , Linde LIN , Mondelez International MDLZ and Estee Lauder EL are just a few of those names.
The buzz Some 2,000 global dignataries, along with perhaps a billion people worldwide have been watching the funeral of Queen Elizabeth II. Follow along with our live blog. President Joe Biden declared the pandemic over in a Sunday interview, to the surprise of some of his health advisers. He also said the U.S. would defend Taiwan against a China invasion.
Does anyone really think that they really have a clue ?
ドル高も一緒に終わるかもね。次はローン問題が来ます。
Classic clickbait
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