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On November 10th, US Treasury yields rose as investor risk appetite recovered after the US Senate cleared a key hurdle, paving the way for a possible end to the government shutdown. This weakened demand for safe-haven assets such as government bonds. "The renewed hope may boost risk appetite and prompt investors to move away from US Treasuries," said Konstantinos Chrysikos of Kudotrade in a report. He noted that this weeks focus will shift to speeches by Federal Reserve officials, which could provide clues about the prospect of further interest rate cuts. According to LSEG data, the money market is currently pricing in a 66% probability of a 25 basis point rate cut in December. According to Tradeweb data, the yield on the two-year US Treasury note rose 4 basis points to 3.596%, while the ten-year yield rose 3.7 basis points to 4.130%.Tesla (TSLA.O) registered stock for CEO Elon Musks compensation package.On November 10th, the State Administration for Market Regulation issued a "Compliance Guidelines for Online Centralized Promotions during the Double 11 Shopping Festival" to major e-commerce platforms to regulate promotional activities, maintain online transaction order during the "Double 11" period, and protect consumers legitimate rights and interests. The guidelines emphasize strict regulation of promotional activities, prohibiting illegal practices such as "forced exclusivity agreements" and "price discrimination based on big data." Promotional rules must be clear and transparent, specifying conditions of use, refund and cancellation procedures, and expiration dates for key aspects such as discounts, coupons, pre-sales, and price guarantees, thereby enhancing the transparency of promotional activities.Federal Reserves Daly: Tariff-driven price increases have not spread to a wider range of inflation.Federal Reserves Daly: The Fed needs to guard against inflation risks, but it should not ignore the possibility of a productivity boom and faster non-inflationary growth.

NASDAQ, S&P 500, Dow Jones Analysis – Stocks Keep Moving Higher As Appetite For Risk Grows

Cory Russell

Jan 30, 2023 15:17

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S&P 500 (SPX500)

S&P 500 is currently trying to settle above the 4080 level. Today, traders focused on the economic data from the U.S. PCE Price Index met expectations, while Consumer Sentiment and Pending Home Sales exceeded analyst forecasts. The economy remains in a decent shape despite recession worries, which is bullish for stocks.


The Fed decision, which will be released on February 1, will be the key event for markets in the near term. At this point, traders are not worried about hawkish Fed. The market expects that Fed will raise the rate by 25 bps at the next meeting and will not be able to push the rate above the 5.00% level in 2023. The encouraging economic reports did not change this consensus, which was bullish for S&P 500.


Today’s move is not broad, and several market segments are moving lower. Energy stocks got hit due to the pullback in oil markets.


American Express is the biggest gainer in the S&P 500 today. The stock is up by 12% after the strong earnings report.


Intel  is among the biggest losers in today’s trading session as the company missed analyst estimates on both earnings and revenue and presented disappointing guidance for the first quarter.

NASDAQ (NAS100)

NASDAQ rallied to new highs as Tesla gained 10% amid reports about high demand for Model Y in the U.S.


The general risk appetite is rising, which is bullish for the tech-heavy NASDAQ. Currently, NASDAQ is trying to settle above the resistance at 12,200. In case this attempt is successful, NASDAQ will move towards the next resistance level at 12,450.

Dow Jones (US30)

Dow Jones is today’s laggard due to the sell-off in Intel and Chevron shares. Chevron is down by 4% today as traders take profits near all-time highs and react to the pullback in oil markets.



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