“In short, we’re starting to see some things the doves can hang their hat on, but I don’t think it will be enough to stop another 75bp move in November,” wrote Neil Dutta, head of economics at Renaissance Macro Research. Markets are still mostly betting on a hike of that magnitude next month. That doesn’t mean any pivot would be imminent. Tuesday’s jobs data could reinforce the case for officials to get off the “hamster wheel” of 75 basis points sooner rather than later, said Evercore’s Peter Williams. Short squeeze has indeed been big factor behind the rebound in equities, but it’s not like traders are minimizing the potential impact of the recent economic reports on Fed thinking. At the center of the rally are most-shorted stocks, as tracked by Goldman Sachs Group Inc., which jumped over 6.5% Tuesday, handing losses for those who had placed bets against them. In fact, after raising bearish wagers in one of the longest stretches in years, short sellers are being forced to fold. “We are still in a bear market, and this could just turn out to be another relief rally.” “While it ‘feels’ like the markets may have bottomed out - which is certainly a possibility, a small possibility, but a possibility nonetheless - it is important to not get caught in another bull trap,” Razaqzada noted. So when it comes to the explanation for the rally in stocks, traders generally prefer to stick with the idea that pessimism reached such extreme levels that a bounce would be just a matter of when.įor markets that had been “nearly one-sided,” the liquidation of those positions is a big reason to squeeze in the other direction so vigorously, said Fawad Razaqzada at City Index and. Read: Fed Telegraphs No Aussie-Style Policy Pivot in Inflation Battle The idea of a Fed pivot, however, has been met with a lot of skepticism in Wall Street - with top US officials warning that the battle against inflation will require more time. The debate over peak hawkishness intensified after a dovish surprise from Australia’s central bank and bond buying by the Bank of England. US job openings sank to a 14-month low - which may fit well with a Federal Reserve that’s worried about a hot labor market. On top of the equity short squeeze, soft economic data gave bulls a glimmer of hope when it comes to policy. climbed even after Elon Musk revived his $44 billion bid for Twitter Inc., which soared 22%. The S&P 500 had its best two-day surge since April 2020. Per DTI Fair Trade Permit No.(Bloomberg) - Stocks extended their rebound from deeply oversold levels, with traders weighing whether it would be realistic that central banks moderate their aggressive stance to prevent a hard landing. Visit Goldilocks on Facebook for more information. Get these Party Packs, baked goodies, and ready-to-cook Pinoy ulam by ordering online at or calling 9. The contest runs until November 15, 2020, with the winners to be announced on Goldilocks’ Facebook page. Goldilocks holds “ Winner, Winner Sa Pa-Deliver!” in partnership with Hisense, and is applicable only to orders made via Goldilocks Delivery Online and Goldilocks Delivery Hotline nationwide. Goldilocks also offers the following all-time favorites in party sizes: It’s also good for six persons and costs P799 (SRP) No Pinoy handaan is truly complete without flavorful pancit sotanghon, crunchy lumpiang Shanghai, and sweet-salty pork barbecue! Get them all in one fiesta pack good for six persons for P799 (SRP).Īlternatively, you can opt for a fiesta pack that bundles lumpiang Shanghai and pork barbecue with savory pancit palabok. Here are some of the mouthwatering, ready-to-eat dishes you can order from Goldilocks. Every successful transaction is equivalent to one raffle entry. Order your favorite Filipino food by visiting Goldilocks Delivery Online at or calling the Goldilocks Delivery Hotline at 9. In case you missed it, Goldilocks is having the “ Winner, Winner Sa Pa-Deliver!” promo that gives you a chance to be one of the three lucky winners of a 40” E500 Hisense Smart TV with a one-year subscription to Netflix! Craving Pinoy food? Now’s a good time to get your fix–and win cool prizes while you’re at it, when you order from Goldilocks.
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