[Chart courtesy of MarketWatch.com] Moving the markets The Fed’s July meeting minutes have caused quite a stir in the market today. Traders are struggling to swallow the bitter pill of rising rates, along with a mixed bag of earnings and economic data. The 10-year bond yield jumped to its highest level since last October, and rates across the board (including …
Fed Minutes Crush Traders’ Hopes Of Rate Pause
[Chart courtesy of MarketWatch.com] Moving the markets The Fed’s July meeting summary was a wake-up call for those traders who were dreaming of a pause in the rate hikes. The summary was as blunt as a hammer: Inflation is way too high, the labor market is too tight, and we see more risks of inflation going up, so we might …
Why Good News Is Bad News For The Markets
[Chart courtesy of MarketWatch.com] Moving the markets The markets were caught off guard by a double whammy of bad news, and they took a dive. On one hand, bond yields rose again, signaling higher borrowing costs and inflation fears. On the other hand, China’s economy showed signs of slowing down and struggling with debt. Meanwhile, the US economy seemed to be …
Markets Await Clarity From Retail Reports Amid Choppy August Trading
[Chart courtesy of MarketWatch.com] Moving the markets The U.S. consumer is in the spotlight this week, as three retail giants – Home Depot, Target, and Walmart – are set to report their earnings. We’ll also get a glimpse of how shoppers spent their money in July, with the retail sales data coming out on Tuesday morning. These reports come on …
Inflation Report Triggers Market Whiplash
[Chart courtesy of MarketWatch.com] Moving the markets The latest consumer price index (CPI) report showed that inflation in July was lower than expected on a yearly basis, but still higher than the Fed’s comfort zone. The report also indicated that real average weekly earnings did not change last month, which could be seen as a positive sign for consumers. However, …
Markets Fall As CPI Report Looms; NVDA Leads AI Bust
[Chart courtesy of MarketWatch.com] Moving the markets The markets were nervous as they awaited the CPI report for July, which will be released tomorrow, and the PPI report for the same month, which will come out on Friday. These reports will show how much prices have changed for consumers and producers, and they may influence the Fed’s decision on interest …