Traders Market Weekly: The Fed’s Fight Against Inflation

Viewing 9 posts - 61 through 69 (of 69 total)
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  • #38386
    Truman
    Participant

    Even energy (-2.4%) has been confined to negative territory, causing the sector to turn negative for the week (-1.7%).
    Crude oil is down $2.12, or 1.7%, at $119.39/bbl, backpedaling from a three-month high that was set on Wednesday.

    Treasuries have been sliding throughout the day with the 2-yr note pacing the selling. As a result, the 2-yr yield has climbed above the 3.00% mark (+21 bps) while the 10-yr yield is up 13 bps at 3.17%, rising past its May high.

    #38387
    Truman
    Participant

    Midday

    Dow 31530.75 -742.04 (-2.30%)
    Nasdaq 11366.98 -387.24 (-3.29%)
    SP 500 3914.00 -103.82 (-2.58%)
    10-yr Note -30/32 3.150
    NYSE Adv 353 Dec 2750 Vol 436.0 mln
    Nasdaq Adv 753 Dec 3453 Vol 3.09 bln

    #38388
    ThePitBoss
    Participant

    Europe hammered by inflation worries, rate hikes and the potential for a sovereign debt crisis, which is why Italy underperformed today.

    Stoxx 600 -2.7%
    UK FTSE 100 -2.1%
    German DAX -3.1%
    French CAC -2.8%
    Italy MIB -5.0%
    Spain IBEX -3.8%

    European stocks had held up much better than US stocks since the March low, in part because of far less tech exposure and lower multiples.

    #38389
    ThePitBoss
    Participant

    Blood on the streets

    #38390
    ThePitBoss
    Participant

    If you’re having a bad day, just remember someone else is having a worse day…

    • This reply was modified 2 months, 1 week ago by ThePitBoss.
    #38413

    Watching the markets is possibly as entertaining as watching the “hollywood” production of JAN 6 hearings – lol … my bride & I watched about 30 seconds before quickly moving on to Star Trek (and original “Kahn” movie called Space seeds – lol) … years later Star Trek II wrath of Kahn become one of best all time 🙂

    #38415

    Dow 31,392.79 -880.00 -2.73%
    S&P 500 3,900.86 -116.96 -2.91%
    Nasdaq 11,340.02 -414.20 -3.52%
    GlobalDow 3,700.33 -112.19 -2.94%
    Gold 1,875.30 22.50 1.21%
    Oil 120.26 -1.25 -1.03%

    1 of GREATEST & FAV all time 🙂

    #38416

    wishing all a good weekend ahead … make the best even of bad times
    I love music & this 75 year old superstar is still going strong in unbelievable performance 🙂

    #38068
    TradersCom
    Keymaster

    June 12- 18, 2022 FEAR NOT Brave Investors Where have we been and where are we going? Join our weekly market thread on Traders Community… Image:
    [See the full post at: Traders Market Weekly: The Fed’s Fight Against Inflation]

Viewing 9 posts - 61 through 69 (of 69 total)
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