It's Time for the Fed to End the Waiting Game

Why wait until September? That is the question hanging over markets after Thursday's surprisingly weak inflation reading. There doesn't seem to be much reason for the Federal Reserve

WSJJul 12 13:57 ET

Will Rate Cut Expectations Trigger a Shift from Large to Small Caps?

As June's Consumer Price Index (CPI) indicates a slight deceleration in inflation, rising to 3% from the previous year, investors are recalibrating their portfolios, pivoting away from the large-cap technology and that have propelled market indexes to record peaks.

Moomoo News GlobalJul 12 12:18 ET

Fed's First Rate Cut Will Most Likely Come in September - SA Sentiment Survey

Seeking AlphaJul 12 11:22 ET

U.S. Treasury Investors Look to Be in Bond-Positive Mood -- Market Talk

Investors on the primary market for U.S. government bonds seem to be leaning toward the bond-positive view, Elmar Voelker, senior fixed income analyst at LBBW, says in a note. Admittedly, the post-CPI 30-year bond auction on Thursday was somewhat slow, while the most recent auction of 10-year Treasurys didn't meet quite as much demand as its predecessor in June, even though the bid-to-cover ratio was above the long-term average, he says.

WSJJul 12 07:50 ET

The Nasdaq fell nearly 2%, with the largest selling volume of the 'Seven Sisters' in a year and a half, while small caps and Chinese concept stocks surged, and US bonds rose sharply.

Comprehensive cooling of US inflation, September rate cut betting pushing US stocks rotation, S&P and Nasdaq ended seven-day consecutive gains and moved away from their highs, Tesla plummeted 8.4%, the worst in nearly half a year and stopped 11-day consecutive gains, Nvidia fell 5.6%, and the chip index fell 3.5%. The Russell 2000 small-cap stocks rose 3.6%, the best since November last year and the highest in two and a half years, and the worst-performing real estate sector this year had the largest increase in the year. US bond yields fell sharply across the board, with the US dollar falling the deepest in two months. The yen rose by 2.6% at one point, the biggest gain since the end of 2022, and anonymous officials confirmed that the government intervened to rescue the currency.

wallstreetcnJul 12 03:31 ET

Falling Rates Open an Opportunity in Fixed Income

By Xavier Baraton and Willem Sels About the authors: Xavier Baraton is global chief investment officer, HSBC Asset Management. Willem Sels is global chief investment officer, HSBC Global Private

Barron'sJul 12 02:37 ET