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New Post: Round up of today’s market news - https://lnkd.in/dam72ifQ US Stock Indices Close Mixed Ahead of Key Jobs Data Broadcom reported better-than-expected Q4 earnings, yet the stock saw a decline US treasury auction off 3, 10, and 30 year coupons next week Gold Soars Above $2,500 as Traders Anticipate Fed Rate Cuts Weekly US crude oil inventories -6.873M European indices closing mixed on the day ECB seen cutting rates next week and then again in December - poll PBOC to continue to implement supportive policy, says deputy governor RBA's Bullock says as of now Board doesn't expect to cut rates in near term

New Post: Round up of today’s market news - https://lnkd.in/dW7yd6iF Major Indices Surge to Session Peaks as S&P 500 Climbs Past 5,500 Mark Investors are looking ahead to a slew of economic data releases tomorrow, Additionally, STZ is set to report earnings before the market opens tomorrow JOLT May job openings surpasses forecasts Tesla Q2 deliveries 444K Powell: The labor market is still strong, though we've seen a continued rebalancing Fed's Goolsbee: I see some warning signs the real economy is weakening Canada June S&P Global manufacturing PMI Gold Prices Decline as US Yields Strengthen Despite Powell’s Dovish Signals Crude oil futures settle at $82.81 European equity markets close lower UK shop price inflation in June rose at the lowest rate since October 2021 ECB's Lagarde: We are very advanced in disinflation BOJ expected to trim monthly bond purchases by ¥16 trillion in first year - survey

New Post: Round up of today’s market news - https://lnkd.in/dgbGjEgw Major Indices Surge to Session Peaks as S&P 500 Climbs Past 5,500 Mark Investors are looking ahead to a slew of economic data releases tomorrow, Additionally, STZ is set to report earnings before the market opens tomorrow JOLT May job openings surpasses forecasts Tesla Q2 deliveries 444K Powell: The labor market is still strong, though we've seen a continued rebalancing Fed's Goolsbee: I see some warning signs the real economy is weakening Canada June S&P Global manufacturing PMI Gold Prices Decline as US Yields Strengthen Despite Powell’s Dovish Signals Crude oil futures settle at $82.81 European equity markets close lower UK shop price inflation in June rose at the lowest rate since October 2021 ECB's Lagarde: We are very advanced in disinflation BOJ expected to trim monthly bond purchases by ¥16 trillion in first year - survey

📈 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐞 - 𝐌𝐚𝐫 𝟏𝐭𝐡, 𝟐𝟎𝟐𝟒 📉 🌐 Today's market journey was nothing short of impressive. Initially, a hesitant start unfolded, riding the coattails of yesterday's Nasdaq triumph. However, as the day unfolded, stocks soared, propelling both the 𝐒&𝐏 𝟓𝟎𝟎 (+𝟎.𝟖%) and the 𝐍𝐚𝐬𝐝𝐚𝐪 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞 (+𝟏.𝟏%) to dazzling record closing heights. 💹 Treasury yields took a turn southward, with the 10-yr note yield dropping to 𝟒.𝟏𝟖% after the February ISM Manufacturing Index revealed an acceleration in manufacturing contraction and a moderation in pricing pressures. The 2-yr note yield slid by 11 basis points to 𝟒.𝟓𝟑%. A softer-than-expected January Construction Spending report also played a role. 💼 Economic releases today followed a week of data that failed to deter the market's confidence in the Fed's rate cut path. 📊 Broad buying activity left eight of the 11 𝐒&𝐏 𝟓𝟎𝟎 𝐬𝐞𝐜𝐭𝐨𝐫𝐬 in the green. The information technology sector, commanding 30% of the index, led with a remarkable 𝟏.𝟖% gain, driven by strength in mega-cap and semiconductor-related components. 🖥️ The PHLX Semiconductor Index surged by 𝟒.𝟑%, with 𝐍𝐕𝐈𝐃𝐈𝐀 (𝐍𝐕𝐃𝐀 +𝟒.𝟎%) crossing the milestone of a $2 trillion market cap for the first time. 🛢️ The energy sector (+1.2%) rode alongside WTI crude oil futures, settling 𝟐.𝟐% 𝐡𝐢𝐠𝐡𝐞𝐫 𝐚𝐭 $𝟕𝟗.𝟗𝟕/𝐛𝐛𝐥. However, not all sectors enjoyed the rally, as utilities (-0.7%), financials (-0.2%), and consumer staples (-0.04%) found themselves in negative territory. 💔 Financial sector woes were exacerbated by weakness in regional bank shares, with 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲 𝐁𝐚𝐧𝐜𝐨𝐫𝐩 (𝐍𝐘𝐂𝐁 -𝟐𝟓.𝟗%) revealing material weaknesses in internal controls related to internal loan review. 📊 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞: - 𝐍𝐚𝐬𝐝𝐚𝐪 𝐂𝐨𝐦𝐩𝐨𝐬𝐢𝐭𝐞: +𝟖.𝟒% 𝐘𝐓𝐃 - 𝐒&𝐏 𝟓𝟎𝟎: +𝟕.𝟕% 𝐘𝐓𝐃 - 𝐃𝐨𝐰 𝐉𝐨𝐧𝐞𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐀𝐯𝐞𝐫𝐚𝐠𝐞: +𝟑.𝟕% 𝐘𝐓𝐃 - 𝐒&𝐏 𝐌𝐢𝐝𝐜𝐚𝐩 𝟒𝟎𝟎: +𝟒.𝟔% 𝐘𝐓𝐃 - 𝐑𝐮𝐬𝐬𝐞𝐥𝐥 𝟐𝟎𝟎𝟎: +𝟐.𝟒% 𝐘𝐓𝐃 🏭 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐃𝐚𝐭𝐚 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: - February S&P Global US Manufacturing PMI - Final 52.2; Prior 51.5 - February ISM Manufacturing Index 47.8% (consensus 49.5%); Prior 49.1% 𝐓𝐡𝐞 𝐬𝐥𝐨𝐰𝐝𝐨𝐰𝐧 𝐢𝐧 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐚𝐜𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐝 𝐛𝐲 𝐦𝐨𝐝𝐞𝐬𝐭 𝐩𝐫𝐢𝐜𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐬𝐞𝐭𝐬 𝐭𝐡𝐞 𝐭𝐨𝐧𝐞 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐦𝐨𝐧𝐞𝐭𝐚𝐫𝐲 𝐩𝐨𝐥𝐢𝐜𝐲 𝐨𝐮𝐭𝐥𝐨𝐨𝐤. - February Univ. of Michigan Consumer Sentiment - Final 76.9 (consensus 79.6); Prior 78.8 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫𝐬 𝐞𝐱𝐩𝐫𝐞𝐬𝐬 𝐨𝐩𝐭𝐢𝐦𝐢𝐬𝐦 𝐚𝐦𝐢𝐝 𝐞𝐚𝐬𝐢𝐧𝐠 𝐢𝐧𝐟𝐥𝐚𝐭𝐢𝐨𝐧 𝐩𝐫𝐞𝐬𝐬𝐮𝐫𝐞𝐬 𝐚𝐧𝐝 𝐚 𝐫𝐨𝐛𝐮𝐬𝐭 𝐥𝐚𝐛𝐨𝐫 𝐦𝐚𝐫𝐤𝐞𝐭. - January Construction Spending -0.2% (consensus 0.3%); Prior revised to 1.1% from 0.9% #ValueInvesting #MarketInsights #ZUZ_Capital

Market Daily Updates 20240112: The S&P 500 and Nasdaq Composite both recorded marginal gains, bringing the S&P 500 close to a record high that has been unchallenged for over two years, while the Dow Jones Industrial Average experienced a slight decline. The yield on the 10-year Treasury note has dipped to 3.949%, moving away from its peak of 5% in October. And Brent oil traded around 78/barrel. Not fully reflecting the concern on the potential conflicts in my opinion. Sector-specific movements are also noteworthy. Airline stocks, particularly Delta Air Lines, saw significant declines after the company lowered its earnings projections, citing various challenges including geopolitical uncertainties and volatile energy prices. This decline in airline stocks stood in contrast to gains in sectors like energy, communications, real estate, and utilities within the S&P 500. The banking sector also presented a mixed picture, with major banks reporting varying results. Some, like Citigroup, announced losses and significant job cuts, while others like JPMorgan Chase reported substantial profits. JPM is the king on the street again. Japan’s Nikkei 225 experienced a rise of 1.5%, still a little bit shy of its peak 38,957.44 on December 29, 1989, while major indexes in China, Hong Kong, and Korea declined. European indexes, including London’s FTSE 100, ended higher. Key takeaways from podcasts listened today:  1.There might be a Trump fatigue for the voters. You may not expect as many voters for him as in 2016. 2.Biden may choose another Vice President to campaign with him for 2024. 3.CPI is hotter than expected, and the 50% increase in the housing market last year might make it sticky. The 6 rate cuts expected/wished by the investors just don’t make sense. 4.El-Erian also mentioned about a bumpy road for inflation back to 2%. 5.Tech is great, but valuation is too high. Financials is good. 6.Core PCE 2% is good, maybe at the end of 2024 or early 2025.  7.Geopolitical risk not priced in. Taiwan, Houthi etc.

02 May 2024 AM Source(s): Bloomberg News / Barron's /Dow Jones US stocks look set to open higher, a day after Federal Reserve Chairman Jerome Powell downplayed the prospect of further interest-rate hikes. S&P 500 futures are up 0.6% while Nasdaq 100 contracts add 0.8%. Apple rises 1% in premarket ahead of earnings. __ Global & U.S. Market Preview: * S&P 500 futures up 0.6% to 5,077.50 * Brent Futures up 0.7% to $84.06/bbl * Gold spot down 0.6% to $2,305.54 * STOXX Europe 600 down 0.1% to 503.71 * German 10Y yield @ 2.55% * Euro-US$ - $1.0698 __ U.S. Central Bank: Fed Flags Lack of Inflation Progress But Signals Hikes Unlikely No Scheduled Appearances ___ Economic Data Today: 07:30: April Challenger Job Cuts YoY 08:30: 1Q Unit Labor Costs, est. 4.0% 08:30: 1Q Nonfarm Productivity, est. 0.5% 08:30: April Continuing Claims, est. 1.79m 08:30: March Trade Balance, est. -$69.7b 08:30: April Initial Jobless Claims, est. 211,000 10:00: March Cap Goods Orders Nondef Ex Air 10:00: March Cap Goods Ship Nondef Ex Air 10:00: March -Less Transportation, est. 0.2% 10:00: March Factory Orders Ex Trans 10:00: March Factory Orders, est. 1.6% 10:00: March Durable Goods Orders, est. 2.6% ___ U.S. Treasury A.M. Two-year Treasury yields back below 5% after Powell suggests rate hike unlikely Yield Indications - (6:00 am) 1yr T-bill @ 5.167% 2yr Note @ 4.981% 10yr Note @ 4.612% 30yr Bond @ 4.739% ___ U.S. Treasury Auctions: May 02: TBA 4-week bills, TBA 8-week bills ____ Global Economic Data: * Australia building approvals, trade balance * Eurozone S&P Global Manufacturing PMI * France S&P Global Manufacturing PMI * Germany S&P Global / BME Manufacturing PMI * Hong Kong GDP * India S&P Global Manufacturing PMI * New Zealand building permits * South Korea CPI, S&P Global Manufacturing PMI * Taiwan S&P Global Manufacturing PMI Global Events: * Apple earnings * UK holds local elections amid deep rifts in Conservative Party over migration legislation. * Bank of Japan issues minutes of March policy meeting. ___ World Economy Seeks to Avoid Stagflation as OECD Lifts Global Growth Forecast For 2024 The global economy is showing signs of resilience, with the OECD revising its 2024 growth forecast upwards, indicating a potential escape from a stagflationary rut. Overnight Headline News: * US Federal Reserve keeps interest rates at 23-year high * ECB Is Increasingly Sure Inflation Will Slow to 2% Soon * UK set for weak growth and highest inflation in G7 - OECD * Tesla’s Head of Human Resources Exits as Staff Upheaval * Bitcoin Trades at 2-Month Low After Worst Month Since FTX * Airbus Reaches Deal With Canada Workers, Averting Strike * Exxon Set to Win FTC Approval for Pioneer Deal * Oil Extends Slump Below $80 on Reduced Tensions & Supply * Qualcomm Earnings beats estimates on AI chip sales in China * US hits China with sanctions over support for Russia’s war in Ukraine * EU acts against Facebook, Instagram over political misinformation ********

📉 Wall Street is experiencing a decline, with the S&P 500 down 0.7%, the Dow Jones Industrial Average down 0.3%, and the Nasdaq composite down 1.2%. 📈 Rising yields in the bond market are putting pressure on stocks, with yields increasing after a report showed stronger-than-expected sales at U.S. retailers last month. ❌ The stronger economy and rising yields could delay the Federal Reserve's expected interest rate cuts, which were previously anticipated by traders. 📈 The yield on the 10-year Treasury has risen to 4.10% from 4.06%, and the yield on the two-year Treasury, which tracks expectations for the Fed, has risen to 4.34%. 📉 High-growth stocks like Apple and Amazon have seen declines of 1.6%, contributing to the S&P 500's drop. 📉 Traders have reduced their expectations for the Fed's first rate cut, with a 60% probability of it happening in March, down from over 70% a month earlier. ❌ Treasury yields had eased in anticipation of rate cuts, but a delay in these cuts could undermine the stock market's rally. ❗ The head of the European Central Bank cautioned against cutting rates too soon in Europe. ❗ Corporate profits play a role in stock prices, and several big companies reported weaker-than-expected results. 📉 Charles Schwab reported stronger profits but still saw its stock fall 6.8%, with revenue falling short of estimates. 📉 Spirit Airlines faced heavy pressure, with its stock dropping 17.9%, following a U.S. judge's decision to block its purchase by JetBlue Airways. 📉 Global financial markets experienced declines, with European stock indexes falling over 1%, and Asian stocks sinking, including a 3.7% drop in Hong Kong and a 2.1% decline in Shanghai. Japan's Nikkei 225 also fell by 0.4%. #news #finance #stocks #bonds #markets #federalreserve Source: https://lnkd.in/gQDefwGV

The #Nasdaq had led US indices into the green by midday Friday to start the month on another high note. At noon, the S&P 500 had gained 0.5%, hitting another all-time intraday high of 5,125 points and building on its strongest February performance in nearly 10 years. Elsewhere, the #Dow Jones Industrial Average edged up 0.2% at 39,068, while the Nasdaq advanced 0.8% at 16,222. Investors greeted March with enthusiasm after the Personal Consumption Expenditures (PCE) data revealed a continued cooling of inflation, alleviating concerns about potential interest rate hikes by the Federal Reserve. However, closer examination suggests persistent "sticky" inflation, presenting a challenge for policymakers. More at #Proactive #ProactiveInvestors http://ow.ly/kENE105ki3O

The Major Markets saw mostly higher performance with only the Nasdaq failing to close the week higher. At the close of the week, the first quarter ended with gains in all five indices with the S&P 500 standing over 10% higher year to date. For the S&P 500, this was the best first quarter since 2019. Furthermore, this stood as one of five first quarters that exceeded 10% in the last twenty years. The March performance also took the index to its fifth consecutive month of gains. Last week’s gains were even more pronounced in the small cap segments. Small Cap Value added 3%, serving at the top performer across the style boxes. These gains helped to offset the earlier losses year to date. However, Small cap Value continues to struggle relative to other capitalizations for Q1. For the S&P 500 Sectors, the performance was mostly positive with Communication services and Information Tech falling for the week. It was largely this reason why the Nasdaq closed the week lower. That said, those same two sectors remain in the top three performance spots year to date. Last week’s holiday shortened trading week did little to offer much in the way of movement in the treasury market. The curved remained relatively unchanged for the week and truly for the month of March as well. Yet, market participants had hoped to see the first rate cut by the FOMC going into this year. With the yield curve remaining elevated compared to the end of December, this has caused the bond market to see red across various types of bond indices year to date. #markets #Q1

Want to know how markets performed in Q1? Watch our latest Weekly Market Commentary video for the answer! #markets #bonds