Daily Report | 21 September 2022

S&P 500 failed to close above the Strong Support level of 3,900, in a row in three trading days. Investors began to examine the potential for margin pressure and the topline of a number of 3Q22 earning results.

Pasar SUN Awal Pekan Mixed

SUN market at the beginning of the week was mixed. Investors are watching as many as three Central Banks are projected to return to Hawkish, with BI +25Bps; BoE +50Bps and the Fed +75Bps, Thursday West Indonesia Time.

Daily Report | 20 September 2022

Yield UST2Y nears 4%, investors anticipate Earnings Results 3Q22. Wait and see ahead of this week’s FOMC results, making Wall Street open Gap Down in early trading.

Daily Report | 19 September 2022

Risk-Off stocks, Risk-On bonds, investors focus on economic recession. Wall Street stocks consistently move in the Red Zone, with a technical rebound on UST2Y, the bond that is most sensitive to changes in FFR, after approaching the psychological yield level of 4%.

FFR September Speculation Rose +100Bps

FFR September speculation rose +100Bps, responding to Lagging Indicators which recorded an increase in the rate of inflation. Last week, CME FedWatch started projecting a +100Bps September FFR increase probability of 18%, from the previous +75Bps increase of 82%, responding negatively to the US Core Inflation rate for August period to 6.3% YoY (Vs. Jul. 5.9%).

Weekly Report | 19 September 2022

FFR September speculation rose +100Bps, responding to Lagging Indicators which recorded an increase in the rate of inflation. Last week, CME FedWatch started projecting a +100Bps September FFR increase probability of 18%, from the previous +75Bps increase of 82%, responding negatively to the US Core Inflation rate for August period to 6.3% YoY (Vs. Jul. 5.9%).

SUN Market Pressure

SUN market pressure, amid the release of Trade Balance data. Data shows, Trade Balance Aug. recorded a surplus of +USD5.7B (Vs. Jul. +USD4.2B).

Daily Report | 16 September 2022

US Retail Sales August grew +0.3% MoM, as energy costs fell for the period. Wall Street briefly rose before closing lower, with the S&P500 and Nasdaq depreciating more than 1%.