Original Market News & Research - Articles by ophir gottlieb
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The CML Close - Stocks rise as inflation comes in much lower than estimates; PPI is due out tomorrow
SPX
Aug 10, 2022 -
Stocks rose sharply as inflation readings came in lower than estimates with CPI growing 0% (unchanged) month-over-month, the lowest reading since COVID, and Core CPI rose the smallest amount since March of this year.
SPX
Aug 09, 2022 -
Stocks dropped but consumer expectations for inflation dropped too, in a welcomed sign for the Fed. Home inventory rose at a record pace and e-commerce prices dropped for the first time in more than 2-years.
SPX
Aug 07, 2022 -
Stocks were mixed with little conviction in either direction. Four economic data points will help shape the narrative when, on Wednesday, July CPI and Core CPI numbers come out.
SPX
Aug 05, 2022 -
Stocks were mixed again while small-mid cap tech rose. Non-farm payrolls came in much higher than estimates as did hourly average wages, pushing expectations of a 75 basis point Fed hike higher s signs of cooling wage inflation are non-existent.
SPX
Aug 04, 2022 -
Stocks were mixed and little changed on the day. Initial jobless claims and the 4-week moving average for jobless claims continues to climb, though both are far below levels seen before COVID. Inflation is the only thing that matters to Jay Powell.
SPX
Aug 03, 2022 -
Stocks rose with technology leading the way and OPEC increased its daily quota slightly. ISM non-manufacturing prices dropped while factory orders rose far more than expected.
SPX
Aug 02, 2022 -
Stocks finished down a little as the trip to Taiwan by House Speaker Pelosi was uneventful thus far. Supply chain stress has eased to its long-term average, job openings fell month over the month by the most since April 2020, and Fed governors may be trying to talk the stock market down.
SPX
Aug 01, 2022 -
Stocks fell slightly. Manufacturing activity is slowing, prices paid by manufacturers fell far below estimates, and construction spending plummeted while home price appreciation slowed at its fastest pace ever.
SPX
Jul 29, 2022 -
Stocks rose off of continued optimism from mega caps (AMZN and AAPL), while inflation measures continue to remain high. PCE inflation hit a new cycle high, Core PCE remained below its high but rose from the prior month, 5-year inflation expectations remain range bound, and employment costs for Q2 to companies rose again.
SPX
Jul 28, 2022 -
Stocks rose off of yesterday's gains after the Q2 GDP report showed a negative reading putting the US into 'technical recession' with back to back quarters of negative GDP growth. Bulls appear to believe this will cause the Fed to soon slow down the pace of interest rate hikes. Still, Fed watchers believe the market has it wrong and that the rally is misplaced. Jobless claims climbed again. Apple and Amazon delivered strong results are both stocks were higher initially after hours.
SPX
Jul 27, 2022 -
Stocks rose sharply following declines yesterday after the Federal reserve hiked its key interest rate 0.75% for the second meeting in a row. Pending home sales plummeted and the US Senate passed a bill to boost chip manufacturing and compete with China.
SPX
Jul 26, 2022 -
Stocks dropped ahead of the FOMC's interest rate decision tomorrow and Walmart's inflation warning that will impact earnings. New homes sales plummeted and consumer confidence fell. Microsoft, Alphabet, and Visa reported earnings and the results were... pretty decent.
SPX
Jul 25, 2022 -
Stocks wavered with some indices up while NASDAQ fell. Home price and sales data comes out tomorrow and the Federal Reserve's interest rate decision is due out Wednesday.
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