Daily Report | 6 October 2022
Lagging Inflation indicator restrains Wall Street's pace. The labor market is one of the Lagging Indicators of
Lagging Inflation indicator restrains Wall Street's pace. The labor market is one of the Lagging Indicators of
US job vacancies as of August, recorded their biggest decline in 2.5 years, and a belowexpected Australian rate hike,
Technical rebound opens Wall Street 4Q22, amid US manufacturing heading towards contraction. Wall Street was up more
Strong Dollar has a negative impact on export-oriented issuers, investors are also anticipating a number of retail
Good news is bad news. The weekly US Initial Jobless Claims data ending September 24 saw 193K (-8% WoW) claims, the
Tech stocks MegaCaps rebounded, as yields on UST10Y returned below the psychological level 4%, making Nasdaq lead Wall
Consumer confidence is stronger, reinforcing expectations of an FFR hike of up to 4.4% in FY22E. One indicator of
Dow Jones confirmed a bear market, complementing the previous bearish Nasdaq and S&P500, in April and June. The bear
Consumer Sector which is vulnerable to slowing economic growth, complementing the pressure on the Technology Sector