The selling in equities today is utterly merciless.The combination of stridently-hawkish talk from Fed officials this week and a decently-strong non-farm payrolls report today has led to an abandonment of the 'Fed pivot'...
The Nasdaq is down 2.8% in a broad (and broadening) equity rout after non-farm payrolls. It highlights just how sensitive the market is to economic data. The jobs report wasn't much more than...
Nasdaq 100 – Talking PointsNasdaq 100 tests key resistance at 11700 before retreatingUS Treasury yields continue to climb ahead of NFP FridayEquities continue to test Fed on a potential policy pivot
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US Stock Market Key Points:TheS&P 500, Dow, and Nasdaq 100 fall after a strong two-day rally. Higher US Treasury yields, and stronger USD add to equity weaknessISM Services PMI surprises with a slightly...
ISM MANUFACTURING KEY POINTS:September ISM manufacturing falls to 50.9 from 52.8 in August, missing expectations for a more modest decline to 52.2The slowdown in factory activity suggests the U.S. economy may be teetering...
