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Both Equity Markets and Treasuries saw hefty bids on Wednesday in response to the soft-leaning US CPI report which saw participants boost rate cut bets. 40bps of easing is now priced through year-end, back to around pre-NFP levels. Sectors were bid with notable...
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U.S. Indices closed mixed yesterday ahead of this afternoon’s key CPI release (S&P +0.1%, NASDAQ 100 -0.1%, DJIA -0.5%, RUSSELL 2000 +1.1%), despite futures seeing an initial bounce on a cool US PPI print on the headline. Thereafter, stocks and Treasuries saw...
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U.S. Indices were mixed on Monday with the S&P 500. Dow Jones and Russell 2000 paring some of the post NFP downside, although the NASDAQ added to losses in a tech-led sell off, particularly in semiconductors which are being weighed on by Biden export controls and...
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Stocks and bonds tumbled on Friday while the Dollar surged in response to the strong US jobs report which saw traders pare Fed rate cut bets. The NFP rose above all analyst expectations while the unemployment rate surprisingly slipped. Money markets started to unwind...
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U.S. Indices (SPX +0.2%, NDX flat, DJIA +0.3%, RUT -0.5%) were mixed on Wednesday, as were sectors, with the small-cap Russell 2000 the clear underperformer. Health and Consumer Staples were the relative outperformers, while Communication Services, Energy, and Health...
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U.S. Indices saw broad-based weakness on Tuesday (SPX -1.1%, DJIA -0.4%, RUT -0.7%) with underperformance in the Nasdaq 100 (-1.8%) as macro moves were seen in wake of a hot US ISM Services and JOLTS report. Recapping the data, the latter rose above the top end of of...
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