- This topic has 42 replies, 6 voices, and was last updated 1 year, 4 months ago by
.
- Posts
January 16 – 22 2022 FEAR NOT Brave Investors Where have we been and where are we going?
Join our weekly market thread on Traders Community… A little[See the full post at:
Thank you and enjoy the week:
Moderna CEO says expects to share clinical data on omicron-specific vaccine with regulators in March
Omicron vaccine still in the worksIf omicron continues to be the more widespread strain of COVID-19 infections (which should be the case) by then, expect vaccine makers to steadfastly roll out a specific vaccine for it in March to April.
GM all – thank you for the posts CI:)
Futures market tilting with negative bias
Rising rates and increased rate-hike expectations undercutting sentiment
Fed funds futures market now pricing in four rate hikes for 2022; chatter about possible 50 bps hike at March FOMC meeting
Oil above $85/bbl following Houthi attack on UAE facility
PBOC cuts medium term lending facility rate 10 bps to 2.85%; BOJ leaves rates unchanged
Indications in some areas that Omicron wave could be peaking, but disruptions due to Omicron still prominent around globe
GS down 4.1% following Q4 earnings miss
XOM up 1.6% with oil futures up; aiming for net zero carbon emissions by 2050
Ratings changes for: COP, H, SIX, SNOW, UAA, ZS, EAT, NBIX, GPS, ABNB, SHW, CROX, and SOFI
2-yr note yield above 1.00%; 10-yr note yield flirts with 1.85% before backing down to 1.81%S&P Futures vs Fair Value: -50.0
10 yr Note: 1.818%
USD/JPY: 114.63 +0.01
EUR/USD: 1.1395 -0.0011
Europe: FTSE: -0.8% DAX: -1.2% CAC: -1.1%
Asia: Hang Seng: -0.4% Shanghai: +0.8% Nikkei: -0.3%
Gold (1810.30 -6.20) Silver (22.85 -0.07) Crude (85.38 +1.56)U.S. Treasuries continued selling in Treasuries has taken place alongside a rising price of oil, making for a combination that is weighing on equity futures. The lower start in Treasuries is likely to lift the 10-yr yield past last week’s high (1.808%) to a level not seen in two years. The U.S. Dollar Index is up 0.1% at 95.39.
Yield Check:
2-yr: +5 bps to 1.01%
3-yr: +6 bps to 1.32%
5-yr: +5 bps to 1.60%
10-yr: +4 bps to 1.81%Commodities:
WTI Crude: +1.3% to $84.90/bbl
Gold: -0.1% to $1815.60/ozt
Copper: -0.3% to $4.407/lbCurrencies:
EUR/USD: -0.2% to 1.1382
GBP/USD: -0.4% to 1.3584
USD/CNH: +0.1% to 6.3553
USD/JPY: UNCH at 114.64Gold at 1,812.30▼ 4.20 (0.23%) has not benefited from a spike in geopolitical risks with rising interest rates. 2 yr Treasury yields 1.06% at pre-pandemic levels. A break of $1800 opens up gold to retest the $1760-1770 & $1730
Goldman Sachs Miss Earnings Expectations First Time in Seven Quarters as Trading Revenue Fell
Goldman Sachs, America’s largest investment bank reported worse than expected fourth earnings Tuesday. It was the first miss by $GS in seven quarters as trading revenue fell and gains on its portfolio of equity investments diminished. The trading goliath followed three of the largest U.S. lenders, JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) reporting mixed results last week. Trading activity has been weak. Both $JPM and $C saw fixed- income trading down double digits at both banks.
Goldman Sachs Miss Earnings Expectations First Time in Seven Quarters as Trading Revenue Fell
European equity closes a sea of red
French CAC -0.8%
German DAX -0.9%
Italy MIB -0.6%
Spain IBEX -0.6%
UK FTSE 100 -0.5%Dow 35,368.47 -543.34 -1.51%
S&P 500 4,577.11 -85.74 -1.84%
Nasdaq 14,506.90 -386.86 -2.60%
GlobalDow 4,252.87 -48.82 -1.13%
Gold 1,813.80 -2.70 -0.15%
Oil 85.79 1.97 2.35%
- You must be logged in to reply to this topic.