Reply To: Traders Market Weekly: Valuation Matters in Earnings Season

#39744
Truman
Participant

The S&P 500 futures are 1.1% below fair value; the Nasdaq 100 futures are 1.6% below fair value; and the DJIA futures are 0.9% below fair value

Key factors driving the futures market:
Flattening yield curve contributing to growth concerns
Euro hits 20-year low against the dollar
Weakness in mega-cap stocks
Reserve Bank of Australia raises key policy rate by 50 basis points, as expected, to 1.35%
Biden Administration said to be close to rolling back tariffs on some Chinese imports
Norway oil and gas workers go on strike over pay
Crypto lender Vauld pauses customer withdrawals
Russia to shut down Nord Stream 1 pipeline for summer maintenance work; also claims to have taken control of Luhansk province in eastern Ukraine
South Korea sees highest consumer inflation rate (6.0% year-over-year) since 1998