Daily Report | 29 June 2022
Consumer pessimism fuels fears of GDP contraction. Nasdaq led Wall Street's decline, and was down nearly 3%. Consumer
Consumer pessimism fuels fears of GDP contraction. Nasdaq led Wall Street's decline, and was down nearly 3%. Consumer
Manufacturing resilient, ready to hold back the Hawkish Fed. Data for May showed an increase in the Core Cap. Good
Expectations that inflation falls to 5.3% was responded positively by Wall Street with the Dow Jones rising more than
Stress Tests Bank, liquidity enough to face economic downturn. Nasdaq led Wall Street's gains, up 1.6% as yields on
The Fed's target is to contain inflation even if the economy slows sharply, according to Jerome Powell's statement in
Negative Correlation of Stock and Bond Market. Wall Street stock market rose more than 2%, driven by the increase in
Bank Stress Tests Released on Thursday. While Wall Street was on holiday to commemorate Juneteenth, European markets
Quadruple Witching Ignores Fundamentals. Wall Street closed mixed, with May's US Industrial Production data
2H22 Consensus Profit Projection Too High. Inflation and high interest rates, as well as the appreciation of the USD,