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US stock futures flat: Not the time to swing for the fences - Scotia

US stock futures flat: Not the time to swing for the fences - Scotia

The S&P 500 fell 1.7% yesterday in a rout after strong service sector data triggered worries about inflation and further Fed hikes.

Scotia notes that the pain trade in stocks is higher for longer but they're not convinced we've seen peak inflation and peak Fed hawkishness.

They highlight three things to watch:

1) The VIX bottoming

They note that "the fear gauge dropped below 20 twice this year, and each time, it coincided with an exhaustion of the bear market rally (la... Read More

Posted: Dec 6 2022, 14:11
Author Name: forexlive
Views: 111210

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