Daily Report | 30 September 2022
Good news is bad news. The weekly US Initial Jobless Claims data ending September 24 saw 193K (-8% WoW) claims, the
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
BI 7DRRR September’s hike to +50Bps, is a BI’s monetary dose that is rarely given. NHKSI Research sees BI Front Loaded
Consumer Sector which is vulnerable to slowing economic growth, complementing the pressure on the Technology Sector
Lagging Indicator of the US labor market remains solid, the Fed's continued Hawkish justification in November and
FFR Hattrick rose +75Bps, pushing US Big Bank Lending Rates to their highest level since the Subprime Mortgage crisis.
S&P 500 failed to close above the Strong Support level of 3,900, in a row in three trading days. Investors began to