Monthly Archives - September 2022

FedEx sees global recession as commentary hits US markets

19 Sep 2022 - Stocks fell Friday as Wall Street wrapped up one of its worst weeks in months and traders reacted to an ugly earnings warning from FedEx about the global economy. The fall in FedEx shares was felt across the market as the company’s CEO announced he expects that the global economy is heading for a recession.

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US equities lower, but is the market cheap or expensive?

16 Sep 2022 - Valuations now are right back where they were in late 2019 however the environment was vastly different then. CPI inflation was about 2 per cent; now it’s about 8 per cent. Ten-year rates were 2 per cent, not today’s 3.5 per cent. All these contrasts should argue for a lower market multiple today than in 2019 - inflation, with its accompanying volatility and uncertainty, should compress multiples.

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Inflation data belts US equity markets

14 Sep 2022 - Stocks plummeted and US government bond yields soared on Tuesday, as fresh data undermined investors’ bets on the persistence of inflation and how much the Federal Reserve will need to raise interest rates to combat it.

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