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Markets Are Still Trying to Figure Out the Fed’s Next Move
A weak July jobs report eased rate-hike fears and helped lift the S&P 500 to three new highs last week, analysts said.
- On Friday, the S&P 500 rallied above 7750 following a soggy jobs report that dampened expectations the Federal Reserve would soon lift interest rates.
- The market's July momentum bust included the liquidation of hedge fund Situational Awareness after its leveraged AI-hardware positions unwound, serving as the offering that frequently precedes a market low.
- Corporate earnings are tracking to rise 30% over last year, while $750 billion spills into the economy via AI capex; Alphabet and Amazon reported $140 billion in unrealized gains from Anthropic and SpaceX investments.
- Trader sentiment has reheated quickly based on measures from Market Vane and Bank of America, though experts warn companies risk 'over-earning' by pulling forward demand.
- Despite reassuring statistics showing 100% returns over any 20-year span, investors should expect a 'lost decade' of lousy performance over a lifetime; Jeff DeGraaf of Renaissance Macro Research warns historical extremes indicate the market is overbought.
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38 Articles
Traders stick to narrow bets on September Fed hold after inflation data
Traders on Wednesday stuck to bets narrowly favoring an interest rate hold by the Federal Reserve at its meeting next month, after a government report showed consumer prices rose in line with expectations in July.
·London, United Kingdom
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Bond Traders Keep Cointoss Wager on September Fed Hike Post-CPI
A $42 billion auction of 10-year US Treasuries resulted in the highest yield for the benchmark securities since 2007, luring decent appetite from investors who’ve been demanding more compensation to finance the US government.
·New York, United States
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Markets are still trying to figure out the Fed’s next move
Volatile job numbers, stubborn inflation and changes to the Fed’s communications style are all stirring up uncertainty in markets and raising the stakes for upcoming economic data releases — including this week’s inflation report.
·Atlanta, United States
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Coverage Details
Total News Sources38
Leaning Left4Leaning Right7Center12Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 17%
C 52%
R 31%
Factuality
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