| Author | Message | ||
     Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3884 Registered: 05-2011 Rating: N/A |
Futures pointing to mixed open US equity futures are mixed this morning. Stocks fell yesterday and bond yields went higher after the FOMC minutes showed that many participants judged that the appropriate pace of balance sheet runoff would likely be faster than it was during the previous normalization episode. The continued push higher in yields has been like pouring salt in the wound for the growth stocks, which had already been dealing with persistent selling pressure. Fed funds futures show a 73% chance of a rate increase in March, according to CNBC. Omicron cases across the US continue to set records. In Europe, markets were lower. November Germany Factory Orders (yr/yr) were +1.3% vs. +0.1% prior Asia markets were also lower (FOMC minutes came out after Europe and Asia were already closed). |