Daily Report | 10 August 2022
Negative FCF Micron weighs on tech stocks, Nasdaq down more than 1%. Micron Technology shares fell nearly 4%, after
Negative FCF Micron weighs on tech stocks, Nasdaq down more than 1%. Micron Technology shares fell nearly 4%, after
US inflation has peaked. US YoY July Headline CPI is projected to slope to 8.7% (Vs. June 9.1%), due to lower fuel
Unemployment Rate at 3.50% lowest in history, US prepares for Hard Landing. Other employment data show US Change in
UST yield inversion up to 36Bps, widest gap since 2000. Recession fears are rising again, amid BoE Rate hike to 1.75%
Supply bottlenecks eased, the service industry resumed expansion as Factory Orders rose solidly. The US ISM Services
Pelosi's visit puts the US in a position to defend Taiwan's independence. Biden's political stance against the principle
Manufacturing data was above expectations, propelling stocks into the green zone, before Wall Street finally closed
Tech stocks revival amid the Fed's Dovish tone. The Tech sector has performed relatively well during the lockdown,
The US economic recession caused a slow down to the Fed's Hawkish and lead to Dovish in 2023. Yesterday, Wall Street