Daily Report | 7 July 2022
As the market braced for a recession, investors turned to defensive stocks, sending Wall Street up 0.3%. Investors
As the market braced for a recession, investors turned to defensive stocks, sending Wall Street up 0.3%. Investors
Factory orders exceeded expectations and UST inverted yields, sending Wall Street closed mixed. May US Factory Orders
The potential for a recession makes analysts' expectations high. Even though Wall Street is on holiday to commemorate
Inflation Above Target and Rupiah at 15,000. US PCE Core Deflator in May was up +0.3% MoM (+4.7% YoY); still high
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