US Open– 23 May 2023 (Video)
Watch today’s US Open for insights on the developments around the US debt ceiling as we move closer to the estimated deadline, the latest Fed commentary and more
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Watch today’s US Open for insights on the developments around the US debt ceiling as we move closer to the estimated deadline, the latest Fed commentary and more
Yields Chart Uptrend Source: www.tradingview.com The top candlestick chart is the weekly US 2-year yield, with the weekly US 10-year yield underneath. The 2-year is a good proxy for monetary policy and the 10-year represents fixed income investors' sentiment. Both instruments have charted a higher trough followed by a higher peak, putting their yields into uptrend. This is in stark contrast to the sentiment shift of March (blue rectangles), where…
On Friday, during a panel discussion, Fed Chair Powell suggested that rates may not climb as much as expected due to credit tightening. Other Fed speakers suggest that FOMC members are developing diverging views. China data hints at a slowing momentum in recovery and EU CPI is still too high. This week sees two more inflation data points – core PCE on Friday and UK inflation on Wednesday. Wednesday will…
President Joe Biden and House Speaker Kevin McCarthy will meet again on Monday to try to find a deal to avoid a U.S. default. Lawmakers are still far apart on an agreement to raise the federal borrowing limit, and time is running out. McCarthy said there's no agreement yet, despite a productive phone call with Biden. Biden called on Republicans to reconsider their extreme positions, as he finds their proposals…
Some of last week’s optimism around the outcome of the debt ceiling negotiations has faded, as latest rhetoric seems to be less conciliatory, with the June estimated deadline looming
The FAANG stocks are influential. They are registering as overbought, which may have broader market implications.
Watch today’s US Open for insights on the US debt ceiling hopes, Burberry’s solid FY2023 results, the key takeaways from Tesla’s Investor Day and more
The broader US index rose on Wednesday as optimism prevailed around regional banks and for a successful resolution to the debt ceiling saga, but there are still reasons for caution
The CEO of EV King Tesla covered a wide range of issues during Tuesday’s annual shareholder meeting, teasing two new vehicles, offering more insights on to the upcoming Cybertruck and more
President Biden met with key Republican and Democratic congressional leaders at the White House on Tuesday. They aimed to reach an agreement to raise the debt limit, but the discussions ended without a consensus.
Watch today’s US Open for commentary on the latest data from China, IEA’s upgrade in the 2023 oil demand outlook, latest and upcoming earnings and more
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