Jonathan for our audience worldwide, this is bloomberg surveillance. Your equity for our audience worldwide, this is bloomberg surveillance. Your equity market 0. 3 . Jackson how starts from now, a week from today starts from nowa week from today chairman powell speak. Lisa how much will he lean into the section. We will have highwe will have hg but not raise rates higher in the short term. Cuts are not in the threshold. Jonathan 5 5 world, on this d market we start with consensus behind the move of the past month. Consensus behind the move of the past month. Lisa now it is time to buy and save but still, this to me is the ultimate question. Will the fed not raise further but raise further but they will hold them straight for a longer time . Aside good or bad news . It has driven of concerns about inflation and deficit. About inflation and deficit. Jonathan and then you have china, what a week for the second biggest economy. Theyve been delivering fixes with currency. Based on the repo
Lackluster trading an ugly chart for the biggest in the market and shares have fallen 11 this month alone. Intel and microsoft also a drag today and its hard to get much going for the nasdaq as well given that tech slide weve seen and the continued march higher for yields take a look, the 10year higher again, pressed against its highest level since last october. It takes us to our talk of the tape state of stocks and why some say this correction is not over. New edges Cameron Dawson making the case here now at post nine good to see you again. We should note as were at the lows of the day, the dow has reached it 50sDay Moving Average. Why do you argue today that this has more to go the confluence of evidence would support theres more to go because of seasonality, were in a bad seasonal stretch, september the worst month. We know momentum has turned negative in the near term on a tactical basis and breath, the number of names trading above their 50Day Moving Average, its not washed out y
For our audience worldwide, this is bloomberg surveillance on tv and radio. Your equity market on the s p 500 slightly positive. 3 . Cpi thursday, ppi friday. Tom inflation is the key dynamic. It was an odd weekend. It is in the zeitgeist, bloomberg reports bond prices up in china and yields down. In the inflation reports, is this tinge of deflation to come in asset prices worldwide . The theme of the weekend was deflation, beginning of deflationary worries into that key inflation report. Jonathan quite a ride in the bond market last week. Taking back a move from friday session. Lots of fed speak out there in the mix. Over the weekend, maybe another Interest Rate hike in the Federal Reserve. Tom it is going to go by the data. Job support, what do you think . Cut that way, cut that way job report . Jonathan still wages are hot. I think the narrative sticks, Jeff Rosenberg at blackrock talked about it that ultimately where payrolls growth goes, we will eventually follow. The fed says, we
Parker adam, its one of these times where if you look at the message of the market and try to figure out how its behaving, you give a lot of credit to saying that we have a pretty bright outlook, right, in terms of the broadening out of the market, the fact that we havent went down in a while. It feels like were scaling the wall of worry. Volatility has dropped if you try to figure out the fundamental inputs that substantiate the behavior, maybe its tougher in terms of valuation. So where does that bring you i mean, i think whats in my mind the rally earlier this year, i thought part of the reason were up is the bear case doesnt seem as likely, consumer real income is doing okay, you can get a job if you need one. So that explains to me some of the market rally, just a lack of the bear case. But i think in the last five or six weeks the lack of the bear case isnt the only explanation. Now its a more plausible 2024 or 2025 bull case, which comes down to, you know, fiscal stimulus for de
Continues to look dicey ahead of critical Earnings Report next week well discuss what is riding on that during this final stretch of trading elsewhere, chevron, a huge drag on the dow today after its earnings and concerns about its planned deal with hess j j, amgen, look at them also weak them, weak spots, de health care putting in a tough week we are watching jpmorgan, too, you heard the news yet again a moment ago, down near 4 jamie dimon will share some shares for the first time as that companys ceo it does take us to our talk of the tape what might the week ahead bring with apple on deck the fed meeting in focus, and probably so much more. Lets ask the chief Investment Officer for new edge wealth with me here, good to see you welcome back as i said, an ugly end to a pretty rough week, what do you make of it it would have been nice to see a healthier bounce, mostly coming out of yesterday, where a lot of the indices got shortterm oversold. We saw the rsi hit oversold levels some of