Markets Hitting All-Time Highs, Netflix and Tesla Earnings in Focus

From Nasdaq:

Summary 1:
S&P 500 companies have reported lackluster 4Q23 results and guidance, causing market deceleration. China considers a $278 billion stock market rescue package. Rate cut likelihood has decreased, with futures pricing in only a 42% chance of a Fed rate cut by March.

Summary 2:
Equity market sentiment is neutral to slightly bullish, raising concerns about the possibility of a hard economic landing in 2024. Nasdaq Index, S&P 500, and Russell 2000 have shown uneven performance since January. Supply chain concerns and services inflation top goods inflation.

Summary 3:
Retail traders heavily invested in energy sector equities, hedge funds mainly bought in the energy sector trailed by the technology sector, while passive investors sold in all sectors except industrials. Ontario Teachers’ advocated for strong climate oversight in 2024 proxy voting guidelines. Interest in Credit Suisse-Pioneered ESG debt swaps is soaring.

Summary 4:
Bank of Japan signals a hawkish tilt toward the inflation goal, while the Bank of England may start cutting interest rates in Q2. Producer prices rose 0.1% in Dec. The US regulator hits back at banks over criticism of tougher capital rules. Iran is ‘directly involved’ in Yemen Houthi rebel ship attacks.



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