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breaking news Markets destabilized after today’s US data


Today’s data threw a wrench in markets which were buoyed by Jamie Dimons’ comments on the economy yesterday.

Markets are choppy today after flash PMI, new home sales and the Richmond Fed’s manufacturing index all showed weaker than expected numbers.

Housing market data is concerning as it represents an asset sector that has given consumers confidence despite stock market declines. Now, it looks like the shoe has fallen with the sharp drop in new home sales and the increase in monthly supply. Fast-break the other way.

Taking a tour of the markets shows:

US stocks fall, led by the NASDAQ index as earnings fears rise but the Fed may continue to tighten until rates reach neutral. Meanwhile, inflation remains a problem with gas prices at record highs (the war in Ukraine is not over) and food prices also higher (REPEAT: the war in Ukraine is not over). completed). What does all this do for earnings

Earnings

The profits of a business represent its net profits or benefits resulting from its operation. Profits are the net benefits of operating a company. Earnings can be calculated as EBIT, i.e. earnings before interest and taxes, and EBITDA, i.e. earnings before interest, taxes, depreciation and amortization. Better performance can lead to stronger stock prices, while bad unexpected earnings can lead to lower stock prices. Using Earnings to Better Inform Investment Decisions Many analysts also use other measures such as earnings per share (EPS) to compare the earnings of multiple companies. EPS is calculated by the remaining earnings for shareholders, divided by the number of shares outstanding. This is a more accurate measure for investors and analysts since each company has a different number of publicly held shares. Merely comparing the existing earnings of companies does not accurately indicate how much money each company has for each of its shares over a specific period. Therefore, EPS is regularly used to make better informed comparisons and forecasts. In the United States, all companies are required to report their quarterly results to the public, which provides information on the state of any publicly traded company. These events are highly watched and important, especially for large companies. In addition, several companies are used as barometers of the state of the overall market or the US economy, which gives these measures even more weight. Ultimately, profits are an integral part of the American economy. stock market and ensure that companies disclose their financial statements in a way that does not leave investors or the public in the dark.

The profits of a business represent its net profits or benefits resulting from its operation. Profits are the net benefits of operating a company. Earnings can be calculated as EBIT, i.e. earnings before interest and taxes, and EBITDA, i.e. earnings before interest, taxes, depreciation and amortization. Better performance can lead to stronger stock prices, while bad unexpected earnings can lead to lower stock prices. Using Earnings to Better Inform Investment Decisions Many analysts also use other measures such as earnings per share (EPS) to compare the earnings of multiple companies. EPS is calculated by the remaining earnings for shareholders, divided by the number of shares outstanding. This is a more accurate measure for investors and analysts since each company has a different number of publicly held shares. Merely comparing the existing earnings of companies does not accurately indicate how much money each company has for each of its shares over a specific period. Therefore, EPS is regularly used to make better informed comparisons and forecasts. In the United States, all companies are required to report their quarterly results to the public, which provides information on the state of any publicly traded company. These events are highly watched and important, especially for large companies. In addition, several companies are used as barometers of the state of the overall market or the US economy, which gives these measures even more weight. Ultimately, profits are an integral part of the American economy. stock market and ensure that companies disclose their financial statements in a way that does not leave investors or the public in the dark.
Read this term?

  • The NASDAQ is down more than 400 points or -3.54% at 11128.40
  • S&P index -89 points or -2.23% 3884.84
  • Dow Industrial Average -137 points or -1.37% to 31,442.73

US yields are lower on expectations that the Fed may have to end its tightening sooner than expected. What happens to the QT that has the Fed starting bond and MBS sales in June. For today, the yields are lower:

  • 2 years 2.493%, -13.2 basis points
  • 10 years 2.734% -12.1 basis points
  • 30 years 2.96%, -9.4 basis points

In other markets:

  • Gold is up $11.61 or 0.63% $1864.50
  • Silver is up $0.25 or 1.09% at $22.03
  • WTI Crude Oil is unchanged at $110.29
  • Bitcoin

In forex, the USD is mixed with declines centered on the JPY, EUR and CHF. The greenback is still higher against the GBP as they ponder rate moves given the increase in cost of living adjustments. The CAD, AUD and NZD are also higher as risk flows can drive investors out of their currencies.

The JPY is the strongest of the majors. The CAD is the weakest.

Strongest to weakest major currencies


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