🇺🇸 Markets on Wednesday
#DowJones +1.65%
#NASDAQ +2.45%
S&P500 +1.83%
Russel 2000 +2%
Key Factors
1️⃣ CPI report showed core inflation unexpectedly slowed. December’s consumer price index showed that core inflation, which excludes food and energy, rose 3.2% vs expected 3.3%
Fed Action Expected: Markets now expect the Fed to deliver 40 bps worth of rate cuts by year-end vs 31 bps before the inflation data
2️⃣ U.S. banks reporting blowout results
JPMorgan Chase +2%
Goldman Sachs +6%
Wells Fargo +6%
Citigroup +6%
Growth stocks rally 🚀
Tesla +8%
Nvidia +3%
Other assets
🇺🇸 10-year Treasury yield slipped to 4.65%
🪙 Gold at 2693$/ounce
⛽️ Brent Crude at 81.5$/barrel, spike due to large draw in U.S. crude stockpiles & potential supply disruptions caused by new U.S. sanctions on Russia 💸 Bitcoin rallies to 1,00,000$
💲 Dollar Index cools to 109.1
What to track on Thursday?
Reporting Earnings 👉 Morgan Stanley & Bank of America
👉 Scott Bessent, President-elect Donald Trump’s pick for Treasury Secretary, will sit down before the U.S. Senate Committee on Finance, investors will parse for clues into tariffs and other policies from the incoming administration
#DowJones +1.65%
#NASDAQ +2.45%
S&P500 +1.83%
Russel 2000 +2%
Key Factors
1️⃣ CPI report showed core inflation unexpectedly slowed. December’s consumer price index showed that core inflation, which excludes food and energy, rose 3.2% vs expected 3.3%
Fed Action Expected: Markets now expect the Fed to deliver 40 bps worth of rate cuts by year-end vs 31 bps before the inflation data
2️⃣ U.S. banks reporting blowout results
JPMorgan Chase +2%
Goldman Sachs +6%
Wells Fargo +6%
Citigroup +6%
Growth stocks rally 🚀
Tesla +8%
Nvidia +3%
Other assets
🇺🇸 10-year Treasury yield slipped to 4.65%
🪙 Gold at 2693$/ounce
⛽️ Brent Crude at 81.5$/barrel, spike due to large draw in U.S. crude stockpiles & potential supply disruptions caused by new U.S. sanctions on Russia 💸 Bitcoin rallies to 1,00,000$
💲 Dollar Index cools to 109.1
What to track on Thursday?
Reporting Earnings 👉 Morgan Stanley & Bank of America
👉 Scott Bessent, President-elect Donald Trump’s pick for Treasury Secretary, will sit down before the U.S. Senate Committee on Finance, investors will parse for clues into tariffs and other policies from the incoming administration