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According to the futures market report on September 15, gold is currently in a sweet spot between "stagflation" and "recession": the higher-than-expected CPI confirms the stickiness of inflation, while the rise in initial jobless claims reinforces expectations of rate cuts. If the Fed is forced to turn to easing when prices are not fully under control, real interest rates will fall faster, and the credit premium of the US dollar will be damaged. Historical experience shows that this "weak growth + loose policy + sticky inflation" combination is a favorable scenario for gold. Coupled with the continued de-dollarization of global central banks and the frequent geopolitical conflicts, the upside potential for gold prices still outweighs the risk of a correction. Short-term fluctuations will not change the medium-term trend, and the support range for gold will move down to 823-830 yuan.Sources said that the oil port in Russias Primorsky Krai has partially resumed operations after the drone attack on Saturday. Due to the damage, the ports crude oil loading capacity has been reduced and loading plans have been delayed.British Prime Minister Starmer: Paul Ovenden, director of strategic affairs at 10 Downing Street, will leave.ECB board member Kocher: It is recommended that the ECB remain cautious and not rush to change policies.ECB board member Kocher: The ECBs current interest rate is appropriate and should remain unchanged.

S&P 500 Rallied Above The 50 EMA As Treasury Yields Declined

Skylar Shaw

Oct 26, 2022 15:34

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The stock market rose to multi-week highs.

Today, the S&P 500 had significant upward momentum as Treasury rates declined from recent highs. According to the CB Consumer Confidence and Case-Shiller Home Price Index data, the economy is already beginning to feel the effects of rising interest rates. These news were positive for equities since the Fed may become less hawkish as a result of weak economic statistics.


The recovery today was widespread, and all market categories were heading upward. Because of lower Treasury rates, REITs were strongly supported.


After Amazon launched Venmo as a payment option ahead of the holiday season, PayPal saw a 7% increase. The choice made by Amazon will improve PayPal's fourth-quarter performance.


Trading speculation that the worst has already been priced in ahead of tomorrow's earnings announcement, which will be issued after the market close, helped Meta climb 6%.


Significant earnings reports that were announced after the market closed put the market's optimism to the test.


Alphabet announced profits of $1.06 per share and sales of $69.09 billion, both of which fell short of expert expectations. The company's shares came under rapid pressure and dropped below the $100 mark.


Microsoft reported $50.1 billion in sales and $2.35 per share in profitability. The business said that sales from Microsoft Cloud was $25.7 billion, up 24% from the previous year. The stock did not get much support from the robust rise in the cloud sector in the post-market session, and Microsoft dropped below the $250 threshold.


By exceeding analyst expectations for both profits and sales, Visa announced revenue of $7.8 billion and adjusted earnings of $1.93 per share. The business announced a $12 billion share buyback program as well as an increase in dividend payments to $0.45 per share. Although Visa shareholders were pleased with the dividend hike and stock repurchase, the stock remained mostly unchanged in the post-market session.


It is important for traders to be aware that these stocks will be sensitive to remarks made during the results calls, and that tomorrow's dynamics may be different from the price movement in the post-market session.

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