Karen Moscow, Hager, J Powell discussed on Bloomberg Daybreak

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Hager And I'm Karen Moscow and U.S. stock in next futures are lower this morning We're coming up to 6 O one on Wall Street and we check the markets every 15 minutes throughout the trading day on Bloomberg with S&P futures down 25 points down features down 138 and NASDAQ futures down 107 ten year treasury down four 30 seconds yield 2.95% that yield on the two year 2.67% Comex gold is F 1.6% of $28 90 cents at 1897 70 ounce The Euro this morning at 1.0596 against the dollar the yen one 29.67 Nathan Well Karen the pullback we're seeing in stock futures this morning follows yesterday's fed fueled rally in the news conference after the 50 basis point rate hike from the Central Bank chairman J Powell indicated another 50 not 75 was on the table for the next meeting 75 basis point in an increase is not something the committee is actively considering Assuming that economic and financial conditions evolve in ways that are consistent with our expectations There's a broad sense in the committee that additional 50 basis increases should be on 50 basis points should be on the table for the next couple of meetings With that comment by fed chair pal fueled a huge rally in the markets treasury yields dropped stocks rallied the most in two years with the S&P 500 surging 3% while the tech heavy NASDAQ rose 3.2% Jason Brady is CEO of thornburg investment management I actually expected 75 to be on the table He took it off the table I think the markets were pricing in a very hawkish and you could now hog the market So obviously the reaction markets has been that this is a.

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