@BobEUnlimited If wages are rising at the same rate as inflation, the impact on consumers could be less severe and in light of the U.S. situation would it not be prudent for the ECB to exercise caution before tightening monetary policy?
@JasonEBurack@Mayhem4Markets The situation, to put it mildly, sounds precarious. This interventionist strategy may stave off immediate disaster, but it's essentially putting a band-aid on a bullet hole.
@BigBullCap "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise." - Peter Lynch
It pays to keep up with economic events. Case in point: July's JOLTS report affecting odds on the Fed's rate hike pause, rippling through bond and equity markets alike.
$TSLA +6.3% today to $254 after July JOLTS numbers (# job openings) came in well below expectations (8.87M vs 9.5M exp), hitting a two-year low. This caused bond traders to increase odds the Fed would pause any rate hike in Sept. causing 10yrTY to plunge to 4.116% -8.6bp. This ignited growth stocks (NDX +1.7%) esp longer duration names like $TSLA (+6.3%), RIVN (+7.4%) and $NVDA (+4.5%). TSLA also benefitting from very strong weekly China insured registrations (17K), which put 3Q on pace to break TSLAβs 2Q record of 156.7K China delivs. Source: @piloly
@garyblack00 Translation: Fewer job openings (a sign of weaker economy) have made bond traders rethink. They now believe the Fed might delay a Sept rate hike, usually done to curb a too-hot economy. This sentiment has a ripple effect, boosting stocks, especially in the tech-focused Nasdaq.