YARDENI CUTS S&P 500 TARGET TO 7,900 AS MARKET RISKS RISE
YARDENI RESEARCH LOWERED ITS YEAR-END S&P 500 TARGET TO 7,900 FROM 8,400, WARNING THAT INVESTOR CAUTION COULD PUSH STOCK VALUATIONS LOWER.
THE FIRM REMAINS BULLISH ON EARNINGS, FORECASTING $425 PER SHARE IN 2027, AND EXPECTS NO RECESSION THROUGH 2029.
HOWEVER, AI INVESTMENT CONCERNS, PERSISTENT INFLATION AND FED RATE HIKE EXPECTATIONS CONTINUE TO PRESSURE STOCKS.
YARDENI'S MESSAGE: BUYING OPPORTUNITIES ARE INCREASING, BUT INVESTORS SHOULD REMAIN CAUTIOUS. ...
YARDENI RESEARCH LOWERED ITS YEAR-END S&P 500 TARGET TO 7,900 FROM 8,400, WARNING THAT INVESTOR CAUTION COULD PUSH STOCK VALUATIONS LOWER.
THE FIRM REMAINS BULLISH ON EARNINGS, FORECASTING $425 PER SHARE IN 2027, AND EXPECTS NO RECESSION THROUGH 2029.
HOWEVER, AI INVESTMENT CONCERNS, PERSISTENT INFLATION AND FED RATE HIKE EXPECTATIONS CONTINUE TO PRESSURE STOCKS.
YARDENI'S MESSAGE: BUYING OPPORTUNITIES ARE INCREASING, BUT INVESTORS SHOULD REMAIN CAUTIOUS. ...
CHINA'S MOF LAN: THE CHINESE ECONOMY CONTINUES STABLE, POSITIVE TREND. ...
U.S. ECONOMIC DATA DUE IN 10 MINUTES
8:30 AM ET | 2:30 PM PARIS TIME
FOUR MAJOR U.S. ECONOMIC REPORTS ARE ABOUT TO BE RELEASED:
🔸 SEPTEMBER PPI: +0.6% EXPECTED
🔸 CORE PPI: +0.3% EXPECTED
🔸 SEPTEMBER RETAIL SALES: +0.4% EXPECTED
🔸 RETAIL SALES EX-AUTOS: +0.5% EXPECTED
🔸 WEEKLY JOBLESS CLAIMS: 200K EXPECTED
MARKETS WILL BE WATCHING CLOSELY FOR SIGNS OF PERSISTENT INFLATION, CONSUMER STRENGTH AND LABOR MARKET WEAKNESS. ...
8:30 AM ET | 2:30 PM PARIS TIME
FOUR MAJOR U.S. ECONOMIC REPORTS ARE ABOUT TO BE RELEASED:
🔸 SEPTEMBER PPI: +0.6% EXPECTED
🔸 CORE PPI: +0.3% EXPECTED
🔸 SEPTEMBER RETAIL SALES: +0.4% EXPECTED
🔸 RETAIL SALES EX-AUTOS: +0.5% EXPECTED
🔸 WEEKLY JOBLESS CLAIMS: 200K EXPECTED
MARKETS WILL BE WATCHING CLOSELY FOR SIGNS OF PERSISTENT INFLATION, CONSUMER STRENGTH AND LABOR MARKET WEAKNESS. ...
🔴 US TELLS IEA NATIONS IT’S UNHAPPY WITH EMERGENCY OIL RELEASE, AND HAS SUGGESTED SUPPLEMENTING OIL RELEASE WITH EXTRA 100MLN BBL. ...
US TELLS IEA NATIONS IT’S UNHAPPY WITH EMERGENCY OIL RELEASE
US HAS SUGGESTED SUPPLEMENTING OIL RELEASE WITH EXTRA 100M BBL ...
US HAS SUGGESTED SUPPLEMENTING OIL RELEASE WITH EXTRA 100M BBL ...
🔴 US RETAIL SALES MOM ACTUAL 0.8% (FORECAST 0.3%, PREVIOUS 1.2%) $MACRO ...
US CORE RETAIL SALES MOM ACTUAL 0.9% (FORECAST 0.5%, PREVIOUS 1.4%) $MACRO ...
🔴 US INITIAL JOBLESS CLAIMS ACTUAL 199K (FORECAST 200K, PREVIOUS 197K) $MACRO ...
US CONTINUED JOBLESS CLAIMS ACTUAL 1.71M (FORECAST 1.709M, PREVIOUS 1.716M) $MACRO ...
US JOBLESS CLAIMS +1K TO 199K IN OCT-10 WK; SURVEY 200K
US OCT-3 WEEK CONTINUING CLAIMS -4K TO 1,710,000
US OCT-3 WEEK JOBLESS CLAIMS REVISED TO 198K ...
US OCT-3 WEEK CONTINUING CLAIMS -4K TO 1,710,000
US OCT-3 WEEK JOBLESS CLAIMS REVISED TO 198K ...
CANADIAN WHOLESALE SALES MOM ACTUAL -1.6% (FORECAST -1.5%, PREVIOUS 0.3%) $MACRO ...
US RETAIL SALES (MOM) (SEP) ACTUAL: 0.8% VS 1.2% PREVIOUS; EST 0.3% ...
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