Home Tools Market Update – February 22 – It has gotten ugly out there!

Market Update – February 22 – It has gotten ugly out there!


US Stocks Their worst day in two years Yields Ten-year Treasuries soared to a three month peak. Vix index, a measure of stock market volatility and often dubbed Wall Street’s “fear gauge”, rose above 23, Its second highest level of the entire year. Fears of a More FOMC adopts hawkish stance Markets continued to be affected by stronger data over a longer time period. Further support for the Fed’s hawkish case was provided by more strong data. S&P Global PMIs The ability to climb higher than you expected with the Services Composite Indexes are rising again into expansionary territory. US housing market weakened In January, buyers remained on the sidelines for 12 consecutive months due to the continued high mortgage rates. RBNZ Expected 50bp increase

  • USD Index slightly below 104, At 23% The market has priced in additional rate hikes with a 25 bp more on March 22 One thing and another 25 bp May 3.
  • EUR– retests 1.06 Markets continue to price in ECB rates at all-time highs, putting the area back on the map.
  • Stocks – Wall Street crashed. US100 (-2.50%), US500 (-2%), US30 (-2.06%). Stocks also suffered from the disappointing guidance. Walmart (+0.61%) Home Depot (-7.06%)As well as the fears they cause China is experiencing increased competition as it…

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