- Market sentiment remains negative as lower US PPI has pushed S&P500 valuations to the expensive side.
- Firms have been forced to trim the prices of their offerings to match weaker demand.
- Lower US PPI-inspired downward revision for inflation projections has sent US Treasury yields to a multi-month low.
Intense sell-off by the market participants in the United States equities after a weak US Producer Price Index (PPI) December report and monthly Retail Sales on Wednesday has been carry-forwarded to Thursday morning. S&P500 futures are facing the heat as firms have been forced to trim the prices of goods and services at their factory gates to maintain equilibrium with declining retail demand.
At the press time, S&P500 futures displayed mild losses and further dropped to near 3,925.00, portraying a deep shrink in investors’ risk appetite.
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