{"id":2524,"date":"2022-09-19T10:40:38","date_gmt":"2022-09-19T14:40:38","guid":{"rendered":"https:\/\/liferep.net\/?p=2524"},"modified":"2022-09-19T10:40:38","modified_gmt":"2022-09-19T14:40:38","slug":"monday-september-19-2022","status":"publish","type":"post","link":"https:\/\/liferep.net\/?p=2524","title":{"rendered":"Monday September 19, 2022"},"content":{"rendered":"\n

Joe Biden continues to destroy America<\/strong><\/p>\n\n\n\n

S&P 500 slips as rates continue march higher ahead of Fed meeting this week<\/h1>\n\n\n\n

The S&P 500 slipped on Monday, building on last week\u2019s steep losses, as interest rates surged ahead of the Federal Reserve\u2019s two-day meeting this week.<\/p>\n\n\n\n

The Dow Jones Industrial Average traded 15 points, or 0.05% higher, while the S&P 500 and Nasdaq Composite dipped 0.1% and 0.3%, respectively.<\/p>\n\n\n\n

The 10-year Treasury yield topped 3.51% on Monday, its highest level in 11 years, and rates across the board continued to rise ahead of the Fed\u2019s likely decision to raise its benchmark rate by another three-quarters of a point to snuff out inflation. After some brief hope over the summer that the Fed may be done with its aggressive tightening campaign soon, investors have recently been dumping stocks on fears the central bank will go too far and tip the economy into a recession.<\/p>\n\n\n\n

Investors are focused on the Fed\u2019s latest policy meeting slated to begin Tuesday. The central bank is expected to raise interest rates by another three-quarters of a point, though investors are also watching for guidance about corporate earnings before the next reporting season begins in October.<\/p>\n\n\n\n

\u201cAs we peer into the end of 2022, we continue to anticipate choppy conditions in US equities, which we view as caught in a tug of war between deeply bearish sentiment (a contrarian \/ bullish signal) and ongoing concerns about further Fed tightening and its longer-term economic ramifications and downward earnings revisions,\u201d wrote RBC Capital Markets\u2019 Lori Calvasina in a note to clients Monday.<\/p>\n\n\n\n

Six of the 11 major S&P 500 sectors rose, led to the upside by consumer discretionary. Energy and health care fell more than 1% each.<\/p>\n\n\n\n

Stocks slid last week as investors reacted to a hotter-than-expected inflation report and a dismal warning from FedEx about a \u201csignificantly worsened\u201d global economy. The major averages posted their fourth weekly loss in five weeks and hovered near two-month lows.<\/p>\n\n\n\n

Beyond the Fed meeting, there are just a few economic data releases on deck this week, including August housing starts on Tuesday and initial jobless claims on Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"

Joe Biden continues to destroy America S&P 500 slips as rates continue march higher ahead of Fed meeting this week The S&P 500 slipped on Monday, building on last week\u2019s steep losses, as interest rates surged ahead of the Federal Reserve\u2019s two-day meeting this week. The Dow Jones Industrial Average traded 15 points, or 0.05% […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2524","post","type-post","status-publish","format-standard","hentry","category-daily-news"],"_links":{"self":[{"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts\/2524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2524"}],"version-history":[{"count":1,"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts\/2524\/revisions"}],"predecessor-version":[{"id":2525,"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts\/2524\/revisions\/2525"}],"wp:attachment":[{"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}