Today in the Market – Thu 08/08 For the last published Results of the Morning Trading Plans, please click here U.S. stock indices staged a solid rebound from this week’s steep sell-off following Friday’ disappointing U.S. payrolls data which sparked concerns that the Fed could be behind the yield curve. The unwinding of the Japanese yen carry trade (more…)
THE GIST (“THE WHAT”) The S&P 500 index wavered sideways following a mixed CPI report that solidified expectations of a Fed rate pause in its next policy meeting. All eyes will now turn their focus towards U.S. PPI data release tomorrow looking for further clarity on the inflation outlook. Trading mostly within yesterday’s price range, (more…)
THE GIST (“THE WHAT”) Increasing odds of further rate hikes, coupled with recessionary jitters pushed the S&P 500 index lower to end its five-week winning streak. All eleven sectors within the broader index traded lower, led by real estate and technology stocks. The index closed the session at 4348.32, down 33.56 points (-0.77%). Note: Our daily (more…)
