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CBOE Volatility S&P 500 Index Newsroom
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.
S&P 500 To Plunge More Than 20% Near Term? Top Economist Breaks Down Broader Market Vs. Small-Cap Divergence After June CPI Report
The stock market had a "buy-the-rumor, sell-the-news" move on Thursday after a tamer inflation data sent the major averages sharply lower, with the sell-off spearheaded by mega-caps and big techs.
The key indicators of inflation in the United States have slowed down, with the market already pricing in more than two interest rate cuts this year!
The biggest 'surprise' in the June CPI report was that stubborn housing inflation cooled rapidly, falling from 0.40% on a month-on-month basis to 0.17%, boosting market expectations of interest rate cuts. It is certain that interest rate cuts will be implemented in September, and possibly even in July.
Fed's Goolsbee: CPI Data Indicate Inflation on 2% Path
Federal Reserve Bank of Chicago President Austan Goolsbee on Friday marked the latest inflation report as “excellent.” Goolsbee further stated that the reports prove that the central bank is on track to meet its 2% target.
How do high officials of the Federal Reserve view the significant cooling of inflation in the USA?
Two senior officials from the Federal Reserve spoke on Thursday, stating that inflation is making progress. The president of the St. Louis Reserve stated that the current policy interest rate is appropriate at this stage. The president of the San Francisco Reserve stated that given recent employment and inflation data, the Federal Reserve may need to make interest rate adjustments, but did not provide a specific schedule for rate cuts.
"Xinmei Federal Reserve News Agency" evaluates CPI in June: Mild inflation opens the door for a rate cut in September.
According to Timiraos' article, after the release of CPI, investors have increased the possibility of rate cuts in September, November, and December this year. A major question at this month's Fed meeting is how much basis Fed officials have laid for a rate cut in September. This year's FOMC voter, President of the San Francisco Fed, Daly, expects that it may be reasonable to cut interest rates soon after the announcement of the CPI, but also said that more information needs to be collected.
US Treasury Yields Plummet as Inflation Surprises, Fed Dovish Bets Grow
US Treasury bond yields tanked on Thursday after the US Bureau of Labor Statistics (BLS) revealed a surprise fall in inflation before Wall Street opened.
PepsiCo's Cheetos are the Latest Economic Red Flag
Signs keep accumulating that U.S. consumers are in trouble. Investors are paying heed. The latest warnings came from two packaged-food giants on Thursday, PepsiCo and Conagra Brands.
S&P 500, Nasdaq Pull Back Thursday While Dow Climbs | Market Story
As a general recap, the market was advancing overall while the S&P 500 and Nasdaq pull back a bit from seven consecutive record sessions. Shortly after 10:15 am EST, the $S&P 500 Index(.SPX.US)
Small-Caps Surge as Magnificent Seven Gets Taken to Woodshed After Cool CPI Reading
By William Watts Hedge funds seen feeling the pain as they unwind short bets against small- and midcap stocks It wasn't a magnificent day to be a hedge fund long megacap tech stocks and short the
Fed's Musalem Wants More Proof Inflation Is Slowing Before Backing Interest-rate Cuts
By Jeffry Bartash 'We have had two months of good inflation data,' St. Louis Fed president says The first decline in consumer prices in four years is encouraging, but St. Louis Federal Reserve Bank
Move Over, Magnificent Seven Stocks. The Other 493 Are Set to Take Off
The S&P 500 has chugged along to record highs even though just a tiny fraction of the companies in the index have been reporting steady earnings growth. That dependence on a few
Dow Jones Industrial Average Middles Post-US CPI Inflation
The Dow Jones Industrial Average (DJIA) mostly stuck to familiar territory on Thursday, clipping into the high end after US Consumer Price Index (CPI) inflation came in below expectations and sparking an uptick in broad-market rate cut expectations in 2024. Despite easing inflation, a pivot out of tech stocks has kept equity indexes pinned close to flat during Thursday’s American market session.
Fed's Musalem: CPI Data Points to Encouraging Further Progress, Recession Risks Are Low
Federal Reserve (Fed) Bank of St. Louis President Alberto Musalem noted on Thursday that while the disinflation process is ongoing, the Fed policymaker would like to see more progress and highlighted that recession risks remain low.
S&P 500 E Mini (ES_F) Perfect Reaction Higher From Blue Box Area
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of S&P 500 E Mini ES_F.
Fed's Daly: One or Two Rate Cuts This Year Would Be More or Less the Appropriate Path
Federal Reserve (Fed) Bank of San Francisco President Mary C. Daly acknowledged improving inflation figures on Thursday but warned that shelter inflation and labor remain sticking points, and that expectations of three rate cuts may be an overreaction.
Index Pull Back Follows Fractionally Lower Inflation, Will Rate Cuts Come Next?
Morning Traders! It is a scorching, humid day here in JC, but our new office is cold and beautiful. The first major company produced earnings that disappointed investors; now we have to see if this is a sign of things to come.
BlackRock 'Taking Chips off the Table' Ahead of Earnings
Russ Koesterich, Global Allocation Fund portfolio manager at BlackRock, says the firm expects a strong second-quarter earnings season and remains overweight stocks, but is moderating its position on some “high-flyer” equities.
Goldman Sachs pours cold water again: AI expenses already account for 25% of S&P 500's total expenses, and the valuation is at risk if they don't make money soon.
The rapidly growing US technology stocks have raised concerns among Wall Street analysts. More and more people are questioning whether too much investment has been put into the AI industry with little return.
With various record-breaking increases, is the US stock market overheated?
As a series of economic data once again boosted expectations of a Fed rate cut, the US stock market hit new highs.