Reply To: Market Wrap – More Selling in Stocks, Bonds and Natural Gas June 14, 2022

#38638
Truman
Participant

S&P Futures are up about 22 points to trade around the 3775 area. Although the market is higher, it has slid from the best level of the night. The peak at 3807.50 occurred at the tail end of the Asian trade. The low was established early at 3754.50.

Hotter than expected inflation data out of Germany threw cold water on the markets. The German CPI for May rose 0.9% and far exceeded the forecast of 0.0%. Semiconductors are off to a weak start with STMicroelectronics and Infineon down 1-2%.