Entrepreneur
Kurra Bewarse Username: Entrepreneur
Post Number: 3968 Registered: 05-2011 Posted From: 24.164.46.35
Rating: N/A Votes: 0 | Posted on Tuesday, January 25, 2022 - 10:22 am: | |
Wake-Up Call Briefing S&P 500 futures 1.3% below fair value; Nasdaq 100 futures 2.0% below fair value; and DJIA futures 0.6% below fair value Factors influencing futures market action: Lack of belief in yesterday's huge reversal move Disappointing response by Asian markets in wake of Wall Street's reversal (Nikkei -1.7%; Shanghai -2.6%; KOSPI -2.6%) Festering rate-hike angst in front of FOMC decision and Fed Chair Powell press conference tomorrow Upward drift in market rates stoking ongoing valuation worries Geopolitical tension Dow components IBM, AXP, VZ, MMM, and JNJ all top earnings expectations, but overall response is mixed at best NVDA slumps nearly 4.0% amid reports it is on cusp of abandoning ARM Ltd. deal Ratings changes of note: Upgrades: DAL, NKE, VIAC, MDRX, NI, SNOW Downgrades: AAL, ISRG, PLAN, CTXS, KR, MPC, and VMW WTI crude futures flat at $83.02/bbl; nat gas futures -1.2% to $3.83/mmbtu 10-yr note yield +3 bps to 1.77%; 2-yr note yield +3 bps to 1.00 Today's Econ Data: November FHFA Housing Price Index (09:00 ET); November S&P Case-Shiller Home Price Index (09:00 ET); and January Consumer Confidence (10:00 ET) |