Traders Market Weekly: Stock and Bond Bear Markets Hover

Viewing 12 posts - 46 through 57 (of 57 total)
  • Author
  • #36354

    Dow 32,997.97 -1,063.09 -3.12%
    S&P 500 4,146.87 -153.30 -3.56%
    Nasdaq 12,317.69 -647.16 -4.99%
    GlobalDow 3,821.00 -67.88 -1.75%
    Gold 1,878.30 9.50 0.51%
    Oil 108.33 0.52 0.48%

    May our nation & economy “get back together again” 🙂


    Equity indices in the Asia-Pacific region ended the week on a mostly lower note.
    Japan’s Nikkei: +0.7% (+0.6% for the week)
    Hong Kong’s Hang Seng: -3.8% (-5.2% for the week)
    China’s Shanghai Composite: -2.2% (-1.5% for the week)
    India’s Sensex: -1.6% (-3.9% for the week)
    South Korea’s Kospi: -1.2% (-1.9% for the week)
    Australia’s ASX All Ordinaries: -2.3% (-3.3% for the week).


    Japan’s April Tokyo CPI 2.5% yr/yr (last 1.3%) and Tokyo Core CPI 1.9% yr/yr (expected 1.8%; last 0.8%)
    Australia’s April AIG Services Index 57.8 (last 56.2)

    Japan will reportedly expand its subsidies for pharmaceutical start-ups.
    Japan’s Tokyo CPI increased at its fastest pace since 2014 in the headline reading for April while the core reading increased at its fastest pace since 2015.
    Chinese government agencies and SOEs have reportedly been ordered to replace foreign PCs and software within two years.
    The Reserve Bank of Australia expects that the wage price index will reach 3.0% by the end of the year.
    The dollar reached its strongest level against the yuan since November 2020.


    DoorDash (DASH 77.51, +4.36): +6.0% after beating revenue estimates, reporting Q1 adjusted EBITDA above prior guidance, and raising its FY22 marketplace GOV guidance. DASH missed EPS estimates.
    Block (SQ 99.71, +4.16): +4.4% despite missing top and bottom-line estimates.
    Zillow Group (ZG 33.25, -5.80): -14.9% after guiding Q2 revenue below consensus and observing that total consumer transaction value growth trends are meaningfully softening. ZG beat top and bottom-line estimates.
    Opendoor Technologies (OPEN 8.14, +0.99): +14.0% after beating revenue estimates and guiding Q2 revenue above consensus.
    Cloudflare (NET 67.62, -10.19): -13.1% despite beating top and bottom-line estimates, guiding Q2 EPS and revenue above consensus, and guiding FY22 revenue above consensus.


    European indices trade in the red.

    STOXX Europe 600: -1.2% (-3.8% week-to-date) Germany’s DAX: -1.3% (-2.6% week-to-date) U.K.’s FTSE 100: -0.9% (-1.5% week-to-date) France’s CAC 40: -1.4% (-3.9% week-to-date) Italy’s FTSE MIB: -0.2% (-2.3% week-to-date) Spain’s IBEX 35: -0.9% (-2.6% week-to-date).


    Germany’s March Industrial Production -3.9% m/m (expected -1.0%; last 0.1%)
    U.K.’s April Halifax House Price Index 1.1% m/m (expected 0.7%; last 1.5%); 10.8% yr/yr (last 11.0%). April Construction PMI 58.2 (expected 58.0; last 59.1)
    France’s Q1 nonfarm payrolls 0.3% qtr/qtr (last 0.4%)
    Italy’s March Retail Sales -0.5% m/m (last 0.7%); 5.6% yr/yr (last 4.6%)
    Swiss April unemployment rate 2.2%, as expected (last 2.2%)

    There was growing speculation that the European Central Bank will raise rates in July.
    Hungary’s Prime Minister Orban said that his government can’t support the ban on Russian oil without a five-year exemption because it would undermine his country’s energy security while European Commission President von der Leyen expressed confidence that an agreement will be reached on the sixth round of sanctions on Russia.


    Key factors driving the futures market:

    Sheepishness among investors to get involved again after yesterday’s huge reversal
    Hesitation in front of the April Employment Situation Report at 8:30 a.m. ET (focus to be on avg. hourly earnings number given inflation concerns)
    10-yr note still not attracting buyers (current yield at 3.09%, up two basis points from yesterday’s settlement)
    Oil and natural gas prices remain elevated
    Festering growth concerns


    Zillow Group (ZG) CEO says in interview that housing market is “softening, full stop,” according to Bloomberg; ZG down 14.5% on disappointing Q2 guidance


    Upgrades: BOOT, EPAM, MLCO, STLA


    DOW was down -500 & rallied back to GREEN for a while & now down only -100
    Strong “mother of all reports” with +428,000 added & U/E remains at 3.6%
    Still it’s the WEEKEND ahead as we soon close out another wild week in equities 🙂


    Dow 32,899.37 -98.60 -0.30%
    S&P 500 4,123.34 -23.53 -0.57%
    Nasdaq 12,144.66 -173.03 -1.40%
    GlobalDow 3,806.35 -13.92 -0.36%
    Gold 1,883.20 7.50 0.40%
    Oil 110.62 2.36 2.18%

    and another FAV addition to 2022 R&R HALL OF FAME 🙂


    May 8- 14, 2022 FEAR NOT Brave Investors Where have we been and where are we going? Join our weekly market thread on Traders Community… Image:  R
    [See the full post at: Traders Market Weekly: Stock and Bond Bear Markets Hover]

Viewing 12 posts - 46 through 57 (of 57 total)
  • You must be logged in to reply to this topic.