{"id":64744,"date":"2022-10-31T09:04:16","date_gmt":"2022-10-31T13:04:16","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=64744"},"modified":"2022-10-31T09:04:16","modified_gmt":"2022-10-31T13:04:16","slug":"coffee-with-greta-yields-spike-stocks-fall","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2022\/10\/31\/coffee-with-greta-yields-spike-stocks-fall\/","title":{"rendered":"Coffee With Greta: Yields Spike, Stocks Fall As Fed Week Begins"},"content":{"rendered":"

DJIA Futures: <\/b>-177 (-0.5%)<\/span><\/p>\n

SPX Futures: <\/b>-23 (-0.6%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-81 (-0.7%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are falling as Treasury yields spike at the start of Fed week.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Treasury Yields Climb Ahead of the Fed<\/span><\/h2>\n

Treasury yields are rallying with stocks falling ahead of this week\u2019s Fed meeting.\u00a0<\/span><\/p>\n

The 2-year yield is up 15 basis points at 4.49% while the 10-year yield is up 10 basis points at 4.05%.<\/span><\/p>\n

Traders widely expect the Fed to hike rates by another 75 basis points on Wednesday.\u00a0<\/span><\/p>\n

But the market is also looking for some clarity on the bank\u2019s future plans.<\/span><\/p>\n

Dow on Track for Best Month Since 1976<\/span><\/h2>\n

The <\/span>Dow Jones <\/b>is on track for its best month since 1976, up 14.4% so far in October.\u00a0<\/span><\/p>\n

The <\/span>S&P 500 <\/b>and the <\/span>Nasdaq <\/b>are also up for the month.<\/span><\/p>\n

That puts Wall Street on track to snap its two-month losing streak.\u00a0<\/span><\/p>\n

Today is the final day of October before key economic data comes out later this week.\u00a0<\/span><\/p>\n

Jobs data begins on Tuesday with the release of the Labor Department\u2019s Job Openings and Labor Turnover Survey.\u00a0<\/span><\/p>\n

ADP reports private payroll numbers for October on Wednesday.\u00a0<\/span><\/p>\n

The Fed decision is also on Wednesday.\u00a0<\/span><\/p>\n

And then the official October jobs report on Friday.<\/span><\/p>\n

The central bank is looking for signs of slowing strength in the labor market amid its fight against inflation.\u00a0<\/span><\/p>\n

Oil Prices Drop<\/span><\/h2>\n

Oil prices are falling today after weaker-than-expected factory data in China and demand concerns due to the country\u2019s COVID restrictions.\u00a0<\/span><\/p>\n

West Texas Intermediate crude futures are down 1.9% to just over $86 bbl while Brent crude futures are down 1.3% to $94.50 bbl.\u00a0<\/span><\/p>\n

But both contracts are still on track for their first monthly gains since May.<\/span><\/p>\n

A new survey shows factory activity in China fell unexpectedly in October.\u00a0<\/span><\/p>\n

Earnings Heat Up<\/span><\/h2>\n

We\u2019ve gotten a mix of earnings so far this season but this will be the busiest week so far.\u00a0<\/span><\/p>\n

Here are some highlights:<\/span><\/p>\n

    \n
  • Tuesday AM: <\/span>Pfizer <\/b>(PFE), <\/span>Uber <\/b>(UBER)<\/span><\/li>\n
  • Tuesday PM: <\/span>Advanced Micro Devices <\/b>(AMD), <\/span>Airbnb <\/b>(ABNB)<\/span><\/li>\n
  • Wednesday AM: <\/span>CVS <\/b>(CVS)<\/span><\/li>\n
  • Thursday AM: <\/span>Regeneron <\/b>(REGN), <\/span>Moderna <\/b>(MRNA), <\/span>Marriott <\/b>(MAR)<\/span><\/li>\n
  • Thursday PM: <\/span>Starbucks <\/b>(SBUX), <\/span>PayPal <\/b>(PYPL), <\/span>Block <\/b>(SQ), <\/span>Coinbase <\/b>(COIN)<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

    DJIA Futures: -177 (-0.5%) SPX Futures: -23 (-0.6%) NASDAQ Futures: -81 (-0.7%) Good morning friends! Futures are falling as Treasury yields spike at the start of Fed week. Let\u2019s get right to it! Treasury Yields Climb Ahead of the Fed Treasury yields are rallying with stocks falling ahead of this week\u2019s Fed meeting.\u00a0 The 2-year yield is up 15 basis points at 4.49% while the 10-year yield is up 10 basis points at 4.05%. Traders widely expect the Fed to hike rates by another 75 basis points on Wednesday.\u00a0 But the market is also looking for some clarity on the bank\u2019s future plans. Dow on Track for Best Month Since 1976 The Dow Jones is on track for its best month since 1976, up 14.4% so far in October.\u00a0 The S&P 500 and the Nasdaq are also up for the month. That puts Wall Street on track to snap its two-month losing streak.\u00a0 Today is the final day of October before key economic data comes out later this week.\u00a0 Jobs data begins on Tuesday with the release of the Labor Department\u2019s Job Openings and Labor Turnover Survey.\u00a0 ADP reports private payroll numbers for October on Wednesday.\u00a0 The Fed decision is also on Wednesday.\u00a0 And then the official October jobs report on Friday. The central bank is looking for signs of slowing strength in the labor market amid its fight against inflation.\u00a0 Oil Prices Drop Oil prices are falling today after weaker-than-expected factory data in China and demand concerns due to the country\u2019s COVID restrictions.\u00a0 West Texas Intermediate crude futures are down 1.9% to just over $86 bbl while Brent crude futures are down 1.3% to $94.50 bbl.\u00a0 But both contracts are still on track for their first monthly gains since May. A new survey shows factory activity in China fell unexpectedly in October.\u00a0 Earnings Heat Up We\u2019ve gotten a mix of earnings so far this season but this will be the busiest week so far.\u00a0 Here are some highlights: Tuesday AM: Pfizer (PFE), Uber (UBER) Tuesday PM: Advanced Micro Devices (AMD), Airbnb (ABNB) Wednesday AM: CVS (CVS) Thursday AM: Regeneron (REGN), Moderna (MRNA), Marriott (MAR) Thursday PM: Starbucks (SBUX), PayPal (PYPL), Block (SQ), Coinbase (COIN)<\/p>\n","protected":false},"author":41,"featured_media":64745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-64744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/64744","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=64744"}],"version-history":[{"count":1,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/64744\/revisions"}],"predecessor-version":[{"id":64747,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/64744\/revisions\/64747"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/64745"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=64744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=64744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=64744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}