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On May 18th, Ed Yardeni, president and chief investment strategist of Yardeni Research, stated that as investors become increasingly concerned about inflation, the Federal Reserve needs to keep pace with the bond market or risk losing control over borrowing costs. He pointed out that given the current market environment is "no longer" suitable for an accommodative stance, the Fed should remove its dovish bias at its June meeting. "If the Fed fails to remove this bias, investors will conclude that the Fed is lagging behind the inflation curve and will demand a higher inflation risk premium," Yardeni said. "We expect the Fed to keep interest rates unchanged at its June meeting and shift to a tightening policy stance." Yardeni added that the current economic context no longer provides a reason for an accommodative bias, let alone rate cuts. Instead, he believes that a more hawkish Warsh than the market expects could actually benefit Trump by helping to suppress long-term Treasury yields.According to the National Bureau of Statistics, the price of second-hand residential properties in Shenzhen rose 0.3% month-on-month in April (up 0.4% in the previous month) and fell 6.5% year-on-year (down 7.0% in the previous month).According to the National Bureau of Statistics, the price of newly built commercial residential buildings in Shenzhen rose 0.1% month-on-month in April (compared to 0.2% previously) and fell 5.3% year-on-year (compared to -5.5% previously).According to the National Bureau of Statistics, the price of second-hand residential properties in Guangzhou in April increased by 0.2% month-on-month (previous value: +0.2%) and decreased by 7.9% year-on-year (previous value: -8.1%).According to the National Bureau of Statistics, the price of newly built commercial residential buildings in Guangzhou in April increased by 0.1% month-on-month (previous value: +0.3%) and decreased by 4.4% year-on-year (previous value: -4.7%).

S&P 500 Rebounds Ahead Of Tomorrow’s PPI Report

Florala Chen

Dec 09, 2022 15:39


S&P 500 Advances as Risk Appetite Increases

The S&P 500 recovered in the direction of the 3975 mark as risk appetite rose. The Initial Jobless Claims report, which was made available to traders today, showed that 230,000 Americans applied for jobless benefits in a single week. The report was in line with expert expectations and had no effect on market trends.


Despite the fact that Treasury yields are rising today, traders are concentrating on the chance to buy stocks following the recent dip.


The IT sector is driving the recovery. NVIDIA, Seagate, and Intuit are among of the companies that have benefited the most from this sector.


Most market categories are rising in today's wide upward movement. In the meantime, despite the expected recovery in oil demand in China, energy stocks are mostly unchanged as WTI oil remains under pressure.


From a broad perspective, today's trading activity appears to be a typical comeback following the significant downturn. On Friday, when traders will be concentrating on PPI readings for November and early Michigan Consumer Sentiment data for December, the market's optimism will be put to the test.

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