Prior was +7.7%m/m CPI +0.1% vs +0.3% expected Prior m/m reading was +0.4% Real weekly earnings +0.2% vs -0.1% prior (prior revised to 0.0%) Core inflation:
Ex food and energy +6.0% vs +6.1% y/y expected Prior ex food and energy +6.3% Core m/m +0.2% vs +0.3% exp Prior core m/m +0.4% The previous report surprised to the downside and led to a +7% rally in the Nasdaq
NASDAQ
The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass
The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass
Read this Term equities
Equities
Equities can be defined as stocks or shares in a company that investors can buy or sell. For example, when you buy a stock, you are purchasing equity, thereby becoming a partial owner of shares in a specific company or fund.Equities do not pay a fixed interest rate, and as such are not considered guaranteed income. Consequently, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling p
Equities can be defined as stocks or shares in a company that investors can buy or sell. For example, when you buy a stock, you are purchasing equity, thereby becoming a partial owner of shares in a specific company or fund.Equities do not pay a fixed interest rate, and as such are not considered guaranteed income. Consequently, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling p
Read this Term
In FX, the US dollar has cratered with the market showing increasing confidence that the Fed won't make it above 5% on Fed funds. The terminal rate is now down to 4.86%, which suggests a pause at 4.75-5.00% and that will certainly go directly against some of tomorrow's Fed dots.
USD/JPY is down to 135.75 from 137.35, which is 160 pips. The moves elsewhere are about half that but still substantial.
The details of the report show shelter running hot with owners-equivalent rent was up 0.7% vs +0.6% a month ago.
Used cars -2.9% m/m vs -2.4% m/m prior Food +0.5% m/m vs +0.6% m/m prior Energy -1.6% vs +1.8% m/m prior Gasoline -2.0% m/m Fuel oil +1.7% m/m +19.8% m/m prior New vehicles 0.0% m/m vs +0.4% prior Apparel +0.2% vs -0.7% prior Medical care +0.2% m/m vs 0.0% prior If you take away rents, (which are laggy) and food, it's tough to find any inflation.
