Reply To: Traders Market Weekly: Eyes Up on Retail and Inflation

#36619
Truman
Participant

S&P 500 futures 1.2% above fair value; Nasdaq 100 futures 1.3% above fair value; DJIA futures 1.1% above fair value
Key factors driving the futures market:
Speculation that April CPI report could signal peak inflation and trigger a large rebound effort
Follow through buying in mega-cap stocks
10-yr note yield down to 2.94%
Shanghai making progress on stopping spread of COVID, as reports note more than half the city is COVID free
ECB President Lagarde signals bond buying stimulus program apt to end in early part of Q3 and rate hike to follow soon thereafter
Senate confirms Lisa Cook as Fed Governor
Ukraine forced to cut off gas supplies to Europe because Russian military interference is impeding quality control efforts
China’s April CPI +2.1% yr/yr, which is fastest pace since November
House passes $40 billion in Ukraine aid; bill moves to Senate where it is expected to be approved
Coinbase (COIN) drops 15% following disappointing Q1 earnings report and warning about Q2 activity
Unity Software (U) plunges 22% on weaker-than-expected Q2 and FY22 outlook