Author - Sequoia Direct
17Oct

Inflation data too strong for equity markets to maintain any momentum

17 Oct 2022 - Stocks slumped Friday, capping off a volatile week of trading, a day after posting a historic turnaround rally. Early gains were erased following the Michigan consumer sentiment report that showed an increase in one-year inflation expectations for the first time in seven months and came after Thursday’s hotter-than-expected CPI report. Both reports added scepticism to the peak inflation dynamic and supports recent Fedspeak that has continued to push a raise-and-hold narrative until inflation meaningfully comes...

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14Oct

US equity markets surge off lows despite higher than expected inflation data

14 Oct 2022 - US equities finished higher in Thursday trading, near best levels after reversing a big decline from right after the open - this included the Dow Jones surging 1,500 points from peak to trough, as traders shook off another hot inflation report. Stocks fell to session lows when the September consumer inflation report showed a larger-than-expected increase. The consumer price index increased 0.4% for the month, more than the 0.3% estimate from Dow Jones. On an...

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13Oct

Markets flat ahead of CPI inflation data: Iron ore price impacted by China’s property woes

13 Oct 2022 - US equities ended mostly lower in somewhat directionless Wednesday trading. The S&P 500 fell Wednesday, notching a sixth consecutive daily loss and hitting the lowest close since November 2020 as investors looked ahead to a key consumer report that will inform the pace of the Federal Reserve’s rate hikes going forward.

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