Gonet: market news on July 18

Dow +0,52%, S&P 500 +0,54%, Nasdaq +0,74%, Russell +1,20%, SOX +0,73%, Eurostoxx +1,49%, SMI +0,43%. Nevertheless,

Today more than ever it is allowed to speak of “joyful kingdom of actions”. Nevertheless, While in Paris it balances a lot (if you didn’t understand anything good news. For example, you are young), at Wall Street it purrs at full speed.

The stars align themselves as rarely above the market yesterday. Similarly, the macro is more than nice, the microphone too and at the very end of the session The Congress adopts Trump’s bill on the stablecoins, fueling the growing desire for everyone to add risk to the wallets. Moreover, The Fomo (Fear of Missing Out) is more fit than ever. Moreover, well supported by the Taco (Trump Always Chickens Out) and probably sprinkled with a Tina zest (There gonet: market news july 18 is no alternative, goal stocks). Nevertheless, The President of the United States temporarily ceases to tackle the Patron of the Fed. For example, it must be said that the Epstein file is starting to sting stronger and louder, as it is the market for it but it is not impossible that this subject comes back to the stock market scene this summer.

Historical records with the bell for the S & P500 (SPX). Nevertheless, NASDAQ100 (NDX) indices, this becomes almost boring, the SPX achieves its ninth higher historical of the year, the NDX is at 10 and mainly realizes its fourth consecutive last night, a rare phenomenon and which summarizes the total absence or almost selling pressure in July. However, Almost all sectors are progressing yesterday, the Podium of the SPX day consists of financial, tech and industrialists, NVIDIA (NVDA +0.95%) assumes its role of locomotive on the coast, volatility gonet: market news july 18 is sent to the corner, the VIX loses 4% to 16.52, technically it has room to slide up to 12.70. Moreover, Same phenomenon on the move (the vix bond counterpart) which fell 4.4% to 85.57. Consequently, the market seems to lower its guard, it is also observed by noting that the feeling of Dumb Money (the small carriers) entered the territory of extreme optimism while on the side of Smart Money (the institutional) is the opposite. However. Furthermore, we know very well what is likely to happen when everyone is on the same side of the boat, except that here we are talking about the stock market, subject to sometimes obscure laws and capable of evolving against wind and logic for a long time.

By the way. Therefore, without wanting to spoil the atmosphere of this pretty Friday morning, let us remember here that, the Vix to the carpet requires, gonet: market news july 18 the cost of protecting a portfolio in equity is relatively cheap.

But truck of prudent considerations, we will not add that the SPX and the NDX entered the superchanted territory. Furthermore, We will prefer to focus on the S & P500 equity (SPW), which outperforms the SPX yesterday (+0.77%), the buying activity is therefore general, it is very often a good sign. However, In parallel the speakers also return to small capitalizations, again it is encouraging.

I note that the Platinum has reached a higher for 11 years. Moreover, the supply is reduced and the demand sustained, in particular from the automotive industry, the macro context seems more favorable to the eyes of the actors of the raw materials market, to follow.

The dollar marks a break in its rebound, the EUR/USD pair treats this morning at 1.1623. Nevertheless, it seems to have trouble breaking 1,1600, when it is done gonet: market news july 18 it can target 1,1499, this is where its mobile average passes at 50 days. Nevertheless, The oil deals with 67.94 dollars per barrel of WTI Light Crude, its 200 days is to follow, which goes through 68.40 dollars. Therefore, Gold has revised its 50 days since June 24, current level 3349 dollars ounce against the 50 DMA at 33,324 dollars.

The macro-economic data published yesterday are numerous and generally better than expected. The retail sales in June is progressing, recording their best performance since March. The sub-indexes. whether sales outside cars, excluding cars and petrol, or the control group used to estimate actual consumption, are all superior to expectations. The new weekly unemployment benefits fall to 221,000, down for the fifth consecutive week, reaching their lowest level since April. Continuous requests are slightly lower than forecasts. The Philadelphia Fed index clearly exceeds consensus, ending three consecutive negative publications and reaching gonet: market news july 18 its highest level since February. However, the price index paid jumped 17 points to 58.8, reporting possible inflationary pressure. Import prices increased by 0.1% in June, less than expected, while those in May are revised at -0.4%. Export prices, on the other hand, reach their highest level since February. The confidence of real estate manufacturers (NAHB) improves slightly in July, progressing from a point to 33, above expectations.

On the side of the Federal Reserve. Governor Kugler believes that it is appropriate to maintain interest rates at the current level for a certain time and stresses that the impact of customs prices could be more important in the short term. Mary Daly. president of the Fed of San Francisco, considers that two rate reductions this year are a reasonable hypothesis, but anticipates that the rates will stabilize in the long term at 3% or more. The candidate for the owner gonet: market news july 18 of the Fed Christopher Waller. who speaks after the closure, calls for a drop in interest rates of a quarter this month, claiming that the labor market is “at the limit” and that the risks of inflation are limited.

Let’s go back for a moment to Donald Trump’s displayed will to disembark Jerome Powell from his owner of the Federal Reserve of the United States. an important point for the market because the potential factor in term destabilization. Donald Trump has threatened the president of the Federal Reserve (Fed). Jerome Powell, whom he accuses of maintaining interest rates for too high. Even if he now claims that a referral is unlikely. this pressure feeds an increasing concern: what would happen if the Fed lost its independence from political power? The autonomy of the Fed has been considered for decades for decades as an essential pillar of economic stability. in gonet: market news july 18 the United States as on a global scale. By being free from its decisions. the Central Bank was able to intervene quickly and effectively during major crises: the 2008 financial crisis, the Pandemic of COVID-19, or the Russian debt crisis in 1998. Its independence allows it in particular to act without undergoing short-term political influences. often incompatible with prudent management of the economy.

Today. former Fed members and economists fear that a weakening of this independence compromises its credibility and its reactivity in the event of a shock. They also underline a risk of erosion of internal know-how, if the best talents desert an institution perceived as politicized. Trump claims a 3 -point drop in guiding rates, currently around 4.3%, to stimulate growth and lighten the charge of public debt. But according to many economists, such a policy, dictated by electoral considerations, could feed a new inflationary outbreak. Paradoxically. long gonet: market news july 18 -term rates, those of real estate loans for example, could then climb, the markets anticipating loss of control over prices.

Investors have briefly reacted to the flash threat of this mid -week by selling long -term treasury bills. weakening the dollar and raising gold. Several leaders of large banks. including David Solomon (Goldman Sachs), have publicly defended the independence of the Fed, seeing it as an essential foundation of modern economic stability. Some more political criticisms believe that the Fed is never completely independent, since it cooperates with the government during crises. But for the majority of economists. a central bank subject to the executive power would lose its role of essential forms in the face of political excesses.

This file is to be followed closely. Wednesday we were treated to a kind of trailer for the catastrophe film which may be announced, if the big blond with black ideas gonet: market news july 18 reaches his ends.

Donald Trump is diagnosed as suffering from chronic venous insufficiency after being the victim of swelling of the leg. his doctors specify that he remains in “excellent health”.

We stay with Trump but we go to the “Muppet Show” department. The American president again warns Brazil by ordering him to abandon the proceedings against Jair Bolsonaro. saying that he would “watch him closely”. Separately, President Luiz Inacio Lula Da Silva declares that the country would respond to American customs duties on 1^is august.

On the macroeconomic menu this Friday, construction and building permits will be revealed at 2:30 p.m. before consumer confidence at 4:00 p.m.

The Chinese Minister of Commerce meets the CEO of Nvidia in Beijing. Netflix’s quarterly profit jumps from 45% to more than $ 3 billion. A consortium led by BlackRock is close to an agreement of $ 10 billion with Saudi Aramco according gonet: market news july 18 to Reuters. Meta concludes an agreement to put an end to the trial of $ 8 billion on the violations of Facebook’s privacy. Amazon makes positions of posts at AWS. Accenture will create an IA factory for Air France-KLM with Google Cloud (Alphabet).

This morning and this morning in Asia this morning, the clues treat in dispersed order. Tokyo lost 0.21%in the bell, Hong Kong increased by 1.11%, Shanghai took 0.50%, Seoul lost 0.13%and the NIFTY50 renders 0.50%. The future SPX is slightly increasing and Europe opens up 0.3%. The SMI gains 0.5%, the IBEX only 0.2%, a sign for tonight? Hop Swiss!

Market news returns Monday, August 4.