Daily Report | 28 November 2022
Wall Street Vs. Main Street. Investors are focused on retail stocks, a benchmark for consumer confidence, as high
Wall Street Vs. Main Street. Investors are focused on retail stocks, a benchmark for consumer confidence, as high
The US dollar is coming near to a 3-month low after the Fed signaled a lower FFR hike in December. As Wall Street
Jobless claims increased by 8% WoW amid several technology sector layoffs. The efficiency efforts of several technology
Besides the energy stocks, retail stocks propped the S&P 500 up by 50 points. The appreciation of several retail
The speculation of China's Zero-Covid Policy re-implementation put pressure on energy stocks. Non-Primary Consumers and
Wait and See ahead of the BI 7DRR release, and the fading inflation effect makes the JCI remain flat within the week.
Stocks are defensive to prop up the S&P 500, ignoring speculation of a fifth FFR 75Bps gain in December. On the
Jobless claims fell 2% within the week, again giving the Fed a Hawkish room. Data showed that US Initial Jobless Claims
Resilient Consumers keep inflation high. The accumulation of savings during the Covid19 pandemic, and rising wages amid