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July 2022 Monthly

July 01, 2022
The major central banks were slow to respond to price pressures as the economies emerged from the unprecedented depths of the Covid crisis. They have pivoted toward more aggressive rate hikes. The conversion at the Federal Reserve has been stark. In an unusual admission, Federal Reserve Chair Powell acknowledged that the high May CPI and the rise …
July 2022 Monthly July 2022 Monthly Reviewed by Marc Chandler on July 01, 2022 Rating: 5
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Recession Fears Mount

July 01, 2022
Overview:  Equities fell hard in the Asia Pacific region, with Taiwan’s 3.25% drop leading the move. Its manufacturing PMI fell below 50 for the first time since mid-2020. Europe’s Stoxx 600 is trying to stabilize after a weaker opening, while US futures are under modest pressure. The US 10-year Treasury yield slipped below 3.0% yesterday and is a…
Recession Fears Mount Recession Fears Mount Reviewed by Marc Chandler on July 01, 2022 Rating: 5
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Stocks Hit as Central Banks Brandish Anti-Inflation Efforts

June 30, 2022
Overview: Central banks are committed to combatting inflation even as the economies weaken. This is taking a toll on investor sentiment and is dragging down equities. Outside of China, where the PMI confirms a recovery, and India, where most large bourses in the region were off 1-2%. Europe’s Stoxx 600 snapped a three-day rally yesterday with a 0.…
Stocks Hit as Central Banks Brandish Anti-Inflation Efforts Stocks Hit as Central Banks Brandish Anti-Inflation Efforts Reviewed by Marc Chandler on June 30, 2022 Rating: 5
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Spanish Inflation Shocks

June 29, 2022
Overview: The sharp sell-off in US equities yesterday, led by tech, is weighing on today’s activity. Most of the large Asia Pacific markets excluding Japan and India lost more than 1% today. The three-day rally in Europe’s Stoxx 600 is being snapped today. US futures are posting small losses. The US 10-year yield is little changed around 3.17%, wh…
Spanish Inflation Shocks Spanish Inflation Shocks Reviewed by Marc Chandler on June 29, 2022 Rating: 5
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