Chinese Stocks Rebound, Asia Markets Bet on Fed Pivot

By Ambar Warrick– Most Asian stock markets recovered from recent losses on Tuesday, tracking a recovery in Wall Street as markets bet that a pronounced economic slowdown will push the Federal Reserve into softening its hawkish stance.  Hong Kong and Chinese stocks were among the biggest gainers for the day, recovering from steep losses in … Read more

Stifel Sees S&P 500 at 4300 in 6 Months on Lower Inflation, Peak Fed Hawkishness By

© Reuters. By Senad Karaahmetovic The could rally 15% from current levels in the next 6 months, according to Stifel strategists. Peak Fed hawkishness and falling expectations are likely to fuel a rally in U.S. stocks, strategists wrote to clients in a note. The strategists don’t expect to see new signals from the Fed on … Read more

The Xi Supremacy, Weak PMIs, Fed Hopes – What’s Moving Markets

By Geoffrey Smith — Xi Jinping spooks Chinese markets with a brutal consolidation of power, which distracted from a third-quarter growth figure that was well short of Beijing’s target (albeit ahead of expectations). Business surveys in Europe point to an ever-sharper economic slowdown, but the pound strengthens as the risk of a potentially divisive … Read more

S&P 500 Rising on Hopes of Fed Mulling Slowdown in Rate Hikes

By Yasin Ebrahim — The S&P 500 jumped Friday, as hopes that the Federal Reserve could slow the pace of rate hikes offset mixed quarterly results. The rose 2%, the gained 2% or 641 points, and the was up 1.84%. Growth sectors of the market rebounded following a slump a day earlier as eased … Read more

Bullard Says Strong Job Market Gives Fed Room to Raise Rates

(Bloomberg) — Federal Reserve Bank of St. Louis President James Bullard said the strong US labor market gives the central bank room to raise interest rates so it can curb inflation that’s running near a four-decade high. “The job market is extremely strong,” Bullard said Friday in a Wharton Business interview on SiriusXM radio. “That … Read more

Treasury Yields Jolted From Highs on Prospect of Fed Let-Up

(Bloomberg) — The US five-year Treasury yield exceeded 4.5% for the first time since 2007 on Friday on the prospect of unrelenting Federal Reserve rate increases to control inflation. It subsequently slid to the lowest level of the day on a report undercutting that thesis.   Earlier, yields across the maturity spectrum reached multiyear highs … Read more

Fed Set to Raise Rates by 75 Basis Points Next Month – WSJ

By Geoffrey Smith — The Federal Reserve is set to raise its key by 75 basis points for the fourth meeting in a row in November, according to The Wall Street Journal. Citing sources familiar with the Fed’s thinking, the WSJ said that the pace of further rate hikes after that will be less … Read more

Greenlight’s Einhorn Stays Bearish as Fed ‘Wants to Deflate the Stock Market’ By

© Reuters By Staff Greenlight Capital’s David Einhorn, in his third-quarter letter to investors, said the firm is solidly outperforming the this year after his bearish pivot in January. Greenlight Capital funds are up 4% in the third quarter and 17.7% for the first nine months of the year, versus a decline of 4.9% … Read more

Fed Needs to Keep Hiking Rates to Curb Inflation, Cook Says

(Bloomberg) — Federal Reserve Governor Lisa Cook said inflation remains unacceptably high and interest rates will need to keep rising to get it under control. “Inflation is too high, it must come down and we will keep at it until the job is done,” she said Thursday during opening remarks at a panel discussion with … Read more

Tesla Falls, Philly Fed, Philip Morris – What’s Moving Markets

By Geoffrey Smith — Tesla is set to open lower after admitting it probably won’t reach its delivery targets this year. The U.S. will release the Philly Fed manufacturing survey as well as data on jobless claims and existing home sales, while no fewer than three Federal Reserve governors speak in the afternoon. Bond … Read more