top of page

2022 October 13th EST Daily Memorandum

Disclaimer:

Nothing contained in the following content constitutes an offer, solicitation, or recommendation regarding any investment management product or service, or the offer to sell or the solicitation of an offer to buy any security; The following content is purely for information only and is based on information available at the time it was created. It does not take your financial situation or goals into consideration, and may not be suited for you.


Table of Content
  1. Current Thesis

  2. Executive Summary - prior day as the anchor

  3. Today at Close - Higher Level Overview & Analysis Based on Our Quantitative Indicators for selected Indexes & Indicator heat charts

  4. Expectations & Analysis for Tomorrow in Detail

Current Thesis

The thesis of interest rate hikes will continue to govern trades from the current to earlier next year. The highest projected terminal rate is expected to be around 4.51 - 4.70%. As a result, rising rate hike expectations continue to drive the underlying credit market-related indexes. The general thesis for the remaining year is outlined in the following article: Is Volcker Shock Coming Back? In light of the ECB speech, we reaffirm the position, and views presented in the following article: The stagflation debt crisis and a narrowing path for monetary policy.


Executive Summary

We see significant downside risk to the S&P 500, NASDAQ, and Dow Jones Industrial Average and remain bullish on the credit market and reverse index as indicated in the 2022 September 27th EST Daily Memorandum for the long term.


Today, the market fluctuates and resolves technical aspects that prevent the index continue to drop. With higher-than-expected PCE and the world sliding into recession on PMI numbers, and current employment levels, it is unlikely for the monetary policy to change course. Fed has also reaffirmed it will continue to hike until reaching the target 2% interest rate.


For setup tomorrow:

 

Continue Below


Want to read more?

Subscribe to zimarkdigital.com to keep reading this exclusive post.

Comments

Couldn’t Load Comments
It looks like there was a technical problem. Try reconnecting or refreshing the page.
You might also like

Stay Informed on Economics and Technology with Zimark Insight 

I'M AN ORIGINAL CATCHPHRASE

Connect & Get to Know Our Cases and Practice

  • Twitter
  • LinkedIn