A wobbly start to the week is underway for Wall Street, which is still smarting from too-strong jobs data and anxiously looking ahead to a CPI update. A fresh ratcheting up of tensions between Russia and Ukraine is not helping.
That advice may be obvious to some, given the dollar DXY, +0.29% has been a haven of choice in a turbulent 2022, up about 18%. Meanwhile, over at Evercore ISI, senior managing director for research, Julian Emanuel, says the coming reporting quarter is “déjà vu all over again,” with the backdrop looking much like the second quarter in July — a sense of “unrelenting Fed hawkishness weighing on markets,” nonstop policy maker rhetoric and still too-strong data.
That latter group also has the same market cap, but outperformance into that June market low, and underperformance since, with stocks hitting a new lows and downward 2023 EPS revisions.The markets Stocks DJIA, +0.14% SPX, -0.29% COMP, -0.71% are mixed, with bond yields TMUBMUSD10Y, 3.889% steady, as the dollar DXY, +0.29% rises. Oil CL.1, +0.70% is lower and bitcoin BTCUSD, -0.66% is hovering at $19,400. Hong Kong HSI, -2.95% and China stocks 510210, -1.
UBS downgraded auto makers including Ford F, -7.52% –to sell, and GM GM, -5.49% — to neutral, saying the industry is headed for oversupply amid rising costs and debt risks. The chart Definitely not euphoric would be an accurate description of the investor mood out there, according to this chart from @topdowncharts.
Bitcoin investors will show there face in the next earnings. The Dow will be below 20000 before December 22nd I fell. Time for the Puts.
duh
Россия Последние новости, Россия Последние новости
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