Daily Report | 4 July 2022
Manufacturing activity slowed, giving the Fed room to be Dovish in September. Data shows US June ISM Manufacturing fell
Manufacturing activity slowed, giving the Fed room to be Dovish in September. Data shows US June ISM Manufacturing fell
Personal Consumption Expenditures high, Wall Street closed 2Q22 lower. US May Core Deflator PCE up +0.3% MoM and +4.7%
GDP contraction ahead of the earnings season pushed Wall Street to move mixed. US GDP Annualized QoQ 1Q22 contracted
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