News about Stocks

U.S. Earnings Revisions Index from ⁦@Citi⁩ has eased a bit but is still in positive territory for now pic.twitter.com/ey6hiQqGDd

Easing in output prices component of ⁦@SPGlobal⁩ U.S. PMI has been consistent with broader disinflation, but question remains as to whether they’re stuck at a higher range pic.twitter.com/SBmGAd0Ior

Per below, the whole US yield curve shifted up in reaction to the data (see prior post), including the 2-year which traded above 5% as markets pushed to December the expectation of the first rate cut by the #FederalReserve. (Amazing to think that, just four months ago, #markets… pic.twitter.com/gmZDG1xxGU

S&P 500 with a max pullback of 5.5% in '24 so far. Since 1980, only 4 full years saw a smaller pullback. Avg yr since 1980 with a 14.2% max pullback. pic.twitter.com/2SZwV4mwlL