Utilizziamo i cookie per offrire supporto in live chat e per mostrare contenuti che riteniamo possano interessarti. Se accetti l’utilizzo dei cookie da parte di markets.com, fai clic su accetto.
I CFD sono strumenti complessi e presentano un alto rischio di perdere soldi rapidamente a causa della leva finanziaria. Il 76,3% dei conti di clienti al dettaglio perde denaro facendo trading con i CFD con questo fornitore. Devi verificare se comprendi pienamente come funzionano i CFD e se puoi permetterti di correre il rischio elevato di perdere i tuoi soldi.
Venerdì Maggio 17 2024 15:49
7 min
Dow Jones index touches 40,000 but stocks ease back
Stock markets have retreated a bit after a good run to record highs. We have had a slew of all-time highs for stock markets this year and we got fresh peaks in the wake of the US inflation report.
BofA says fund managers are the most bullish on stocks since November 2021. That’s shown up in a fresh all-time high for the S&P 500, Nasdaq and MSCI All-Country World Index, among others.
This week the FTSE 100 notched its 12th all-time high close in a month, matching a record for the index. London and European stock markets closed lower on Thursday, breaking a nine-day win streak, and are tending to the downside for the moment in early trade on Friday with the dollar firmer for a second day.
Scegli i tuoi punti di movimento
Calcola il P/L ipotetico (costi e spese aggregati) se avessi aperto una posizione quest’oggi..
Mercati
ETF
ETF
Criptovalute
Azioni
Valuta
Obbligazioni
Materie Prime
Indice
Strumento
Porsche
Procter & Gamble
Roku Inc
Deere
Quanta Services
Yandex
UniCredit
Rolls-Royce
Inditex
Deliveroo Holdings
Goldman Sachs
Coca-Cola Co (NYSE)
Infosys
Toro
ChargePoint Holdings Inc
Comcast
Chipotle
Campari
The Cheesecake Factory
Virgin Galactic
LVMH
Eni
Medtronic
ProSiebenSat.1
Qualcomm
BioNTech
SIG
Meta (Formerly Facebook)
Philip Morris
Visa
Schlumberger
SMCI
Plug Power
Nike
ADT
3D Systems
Nikola Corporation
Pinterest Inc
Bristol Myers
Jumia Technologies
Broadcom
Upstart Holdings Inc
Salesforce.com
Amazon.com
Cinemark
Moderna Inc
AMC Entertainment Holdings
Air France-KLM
Glencore plc
Starbucks
Uber
Golar LNG
Pfizer
Palantir Technologies Inc
CrowdStrike Holdings
Mastercard
Blackrock
Vir Biotechnology
Toyota
Kuaishou
MerckCo USA
Cisco Systems
Porsche AG
II-VI
Evraz
JD.com
Snap
JP Morgan
Lululemon
UPS
AIA
Deutsche Bank
Airbus Group SE
Zoom Video Communications
XPeng Inc
Trade Desk
AbbVie
Sartorius AG
Mondelez
Hammerson
CNOOC
Snowflake
Thermo Fisher
CCB (Asia)
Kraft Heinz
Unilever
China Life
eBay
Linde PLC
GameStop
Infinera
UnitedHealth
ASOS
SAP
Barclays
Christian Dior
Wish.com Inc
AstraZeneca
FirstRand
SONY
CAT
Applied Materials
BlackBerry
ALIBABA HK
British American Tobacco
AT&T
Siemens
Diageo
Palo Alto Networks
Vipshop
Amgen
Prosus N.V.
ASML
Airbnb Inc
Lithium Americas Corp
JnJ
Wal-Mart Stores
Nasdaq
Exxon Mobil
McDonald's
Shopify
Hermes
Iberdrola
Peloton Interactive Inc.
Ozon
Apple
Volkswagen
Marriott
Sea
Micron
Conoco Phillips
Morgan Stanley
Ford
Upwork Inc.
Nel ASA
Bank of America
Accenture
Santander
Abbott
Trump Media & Technology Group
Royal Bank Canada
UiPath Inc
Spotify
Fedex
LUCID
Anglo American
Allianz
Dave & Buster's
Shell plc (LSE)
Xiaomi
Adidas
Skillz Inc
HDFC Bank
Cellnex
Freeport McMoRan
Wells Fargo
PepsiCo
Berkshire Hathaway
Lockheed Martin
Coinbase Inc
HSBC
Target
Netflix
Vonovia
PayPal
DISNEY
Invesco Mortgage
Blackstone
Boeing Co
Lumentum Holdings
Canopy Growth
Beyond Meat
Block
Qorvo
Delivery Hero SE
Teladoc
Unity Software
PG&E
Microsoft
Gilead
Li Auto
Chevron
Naspers
BP
MercadoLibre.com
Alibaba
New Oriental
CarMax
Lemonade
Citigroup
Two Harbors Investment aration
Taiwan Semi
Total
Bayer
Marston's
Twilio
Home Depot
Oracle
Gen Digital Inc
Baidu
ZIM Integrated Shipping Services Ltd
T-Mobile
Norwegian Cruise Line
ON Semiconductor
American Express
Macy's
Vodafone
L'Oreal
Tesla
Robinhood
Nio
Lloyds
Aptiv PLC
Novavax
Norwegian Air Shuttle
American Airlines
TUI
Annaly Capital
RTX Corp
NVIDIA
Adobe
General Motors
PETROCHINA
Aurora Cannabis Inc
Barrick Gold
Fuelcell
General Electric
Anheuser-Busch Inbev
Continental
Eli Lilly
F5 Networks
Etsy
Hubspot
easyJet
Telecom Italia
Ceconomy
Rio Tinto
AMD
Cameco
Arista
Tencent
British American Tobacco
DeltaAir
Verizon
Airbus
Lufthansa
Teleperformance
GSX Techedu
Rivian Automotive
Wayfair
IBM
Bilibili Inc
HSBC HK
Occidental
Lyft
IAG
Costco
Tilray
Fresnillo
Intel
ROBLOX Corp
BASF
Workday Inc
GoPro
DoorDash
Electrolux
GoHealth
Alphabet (Google)
Tipi di account
Direzione
Quantità
L'ammontare deve essere uguale o superiore a
L’importo deve essere più bassa di
L’importo deve essere un multiplo dell'incremento minimo per i lotti
I risultati del passato non sono un indicatore affidabile dei rendimenti futuri.
Tutte le posizioni sugli strumenti denominati in una valuta diversa dalla valuta del tuo conto saranno soggetti ad una commissione di cambio valuta anche in fase di chiusura della posizione.
Dow Jones Index Touches 40,000 but Closes Day with Decline
The Dow Jones index closed slightly lower for the session after briefly hitting 40,000 for the first time as Walmart shares jumped.
It largely looks like a meaningless round number for a badly-composed index — Wall Street analysts noted the Dow Jones index had a “relevance” problem as recently as March. Five stocks (MSFT, CAT, GS, CRM, APX) have made up half its gains from 30,000 but that may still be significant. Here’s BofA:
“ The soft-landing scenario is unfolding [...] we think a [ten-year yield] decline from 4.35% to the 3.25% area in the next 6-12 months is a good possibility — and likely non-consensus.”
Cyclical bull market but it has run up a lot recently and looks heavily overbought — it may need a break soon.
Meme Stocks Flop
It’s been one of those weeks.Meme stocks made a comeback this week but, like a striking match, fizzled almost as quickly as the mania began. GME shares cratered by another 30% yesterday as the wind came out of the movement.
Still, the shares are up a lot for the week. Roaring Kitty keeps posting cryptic messages. More importantly, global stock markets reached fresh record highs. It was perhaps important that they notched these before the cooler-than-expected US CPI inflation number — and kicked on some in its wake.
This week has seen some moves in commodities — copper prices reached all-time highs above $5 a pound amid a huge arb trade between London and NY, platinum broke out to its highest in a year and silver tested $30.
Orange juice futures hit a record high. Extreme volatility in cocoa continued as prices plunged 19% in a day, the biggest drop in decades. Meanwhile, data showed China sold a record amount of Treasury and US agency bonds to buy gold in the first quarter.
Markets Respond to US Inflation Reading
Stock markets liked the fact that the CPI could have been worse. But it was a mixed picture. The US CPI inflation print for April marked the first cooling in several months, with the headline print down to 3.4% from 3.5%. Core CPI inflation slowed 20bps to 3.6%, its lowest level since April 2021, with the month-over-month down to 0.3% after three months at 0.4%.
Disinflation returns:
Supercore CPI (core services less housing) declined to +0.42% MoM in April vs +0.65% prior. Whilst it was the slowest monthly increase since December, recent monthly gains mean the annual rate of supercore inflation rose to 4.9%, the highest in a year.
This remains way too high for the Fed to cut next month. And services inflation remains very sticky and accounts for almost all of the headline CPI.
Another measure, the Atlanta Fed's sticky-price consumer price index (CPI) — a weighted basket of items that change price relatively slowly — increased 4.6 per cent (on an annualised basis) in April, following a 5.0 per cent increase in March.
Federal Reserve Moving the Goalposts to 3%?
Whether the Fed has any say over these CPI prints is another matter entirely… a few tenths of a per cent here or there is kind of meaningless – we are at 3-4% reality for inflation for a long time.
The Fed will accept this – as said many times before – tacitly at first (as it’s doing now) and then explicitly. That’s because we are entering an era of instability that will require ever-larger deficits to finance promises at home and abroad. Cuts are in the mail, even if supercore says “not in June”.
US 10yr and 2-year yields dipped to their lowest level in a month and a half as markets moved to price at a faster pace of Fed cuts this year, with 50bps of cuts now priced. The gold price rallied to its highest point in a month as yields ticked down and the dollar hit its weakest point in a month before rallying on Thursday and Friday. Silver broke out to test $30.
US Data Still Shows Signs of Weakness
Amid the marginally softer-than-expected CPI data, we saw some weakness in the data elsewhere – the Empire State Manufacturing Survey was bad and the retail sales control group declined 0.3%. There is a sense that consumer spending proxies are rolling over.
Whilst US CPI was down, if we see the consumer rollover quickly, we could be left with a more stagflationary environment. The Fed will have to accept inflation is going to be higher for longer soon enough as we move from the tacit to the explicit.
I should note what BofA says though: “Stagflation was so 2022 ... In our view, the key risk to watch is re-acceleration in (services) demand, not ‘stagflation.’”
Retail sales indicate the US consumer starting to falter:
Adjusted for inflation, retail sales have struggled for a while — the chart from Macrotrends below shows US total real (inflation-adjusted) retail and food service sales.
When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.
Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.
IT
