SP 500: selling pressure could resurface

PCE inflation and Powell will likely be key for Wall Street this week Selling pressure could resurface on global stock markets this week as the outlook continues to deteriorate in China. The impact of the zero covid policy appears to be intensifying on the Chinese economy as profits of the country’s industrial companies fell 3.0% … Read more

Russell: Wall Street picks up while waiting for the CPI

Wall Street regains height while awaiting inflation figures The New York Stock Exchange is picking up, the S&P 500 and the Russell 2000 rising nearly 2% since Thursday, benefiting from a mixed employment report and statements from some Fed members. Job creations came out well above expectations, at 261k against 200k expected, but the unemployment … Read more

Dow Jones: Powell upsets Wall Street, which is starting a reversal

Jerome Powell dampens hopes of a Fed pivot Hopes of a Fed pivot were dashed by Jerome Powell’s speech last night. Major US indexes fell late on Wednesday, with the Nasdaq 100 and Russell 2000 down more than 3% and the Dow Jones down 1.5%. The central bank president warned that there remains significant uncertainty … Read more

SP 500: towards a continued rebound while waiting for the Fed

Wall Street continues to rebound while waiting for the Fed The New York Stock Exchange ended up sharply on Friday, driven by good results from cyclical companies such as Caterpillar (+3.3%) and Honeywell (+4.3%) and statistics deemed reassuring on inflation which revived investors’ risk appetite ahead of the Fed meeting. The sharp drop in Amazon.com … Read more