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Market Update – January 10 – Wall Street in a dangerous game ahead of Powell, CPI, earnings


Treasuries It remained firm. Yields finished with their lows. Wall Street is mixed Afternoon after the US30 US500 Their advances were lost. Bostic and Daly’s Hawkish Fedspeak generated some cold feet and profit taking ahead Fed Chair Powell’s comments later. A bit of weight was also added by the advent of $90 billion in coupon supply.

The FOMC minutes warned that an “unwarranted easing in financial conditions” would complicate the Fed’s efforts to bring down inflation, and the big rally in bonds and stocks in recent sessions is not what the FOMC wants to see. Bostic and Daly have already resisted raising rates above 5%. Powell going to be against the market rallies?

  • The USDIndex The FOMC’s softer outlook continued to be a weakness, and the stock market fell to a low point of 102.94Although it was closed at 103.19.
  • EUR – steady above 1.0700.
  • JPY – hovering around 132.10.
  • GBP – Closed above 20-day SMA. Retest 1.2200.
  • Stocks – The US100 Was up 0.63% at the close as tech found support from China’s reopening plays. The US30 The dropped by -0.34%, and the US500 Was off -0.08%. Wall Street is in the green, with gains of approximately For the year to date, 1.5% to 2.4% The US500 This is more than 9.4% above the October low.

  • USOil –…

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