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Next week, Wall Street will focus on inflation data after a jump in bond yields

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News Tech: U.S. inflation data will be spotlighted next week as investors brace for higher volatility across assets due to volatility in stocks and a sharp rise in Treasury yields. A week of market turmoil ended with Treasury yields rising to his highest level in more than two years after surprisingly strong US jobs data spurred hopes of a tightening of the Federal Reserve. Solid inflation data, which hit an annual high in almost 40 years in December, further strengthens the Fed’s more aggressive argument, prolonging the yield rally and struggling to recover from last month’s plunge.

Treasury yield will rise by nearly 40 basis points to 1.9% in 2022. exceeded. While the rally has weighed on stocks overall, it has also caused many technology and growth stocks to plunge. The benchmark S&P 500 is down about 5.6% so far this year, and his tech-heavy Nasdaq has posted his nearly 10% drop. “People are pressing the reset button because valuations have come down significantly,” said King Lipp, chief strategist at Baker Avenue Asset Management.

It could make the stock market less attractive. His January U.S. CPI rose 0.5% in January and is expected to rise 7.3% for the year, his biggest rise since 1982, according to a Reuters poll released Thursday. “We could see very indigestible numbers on the inflation front next week, which could disrupt markets,” said Jack Ablin, chief investment officer at Cressett Capital Management. As investors discount at least five Federal Reserve rate hikes this year, the inversely price-varying benchmark 10-year U.S.

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“If interest rates are rising, valuations simply cannot be justified. S&P 500 expected price-to-earnings ratio fell from 21.7x at the end of 2021 to 19.5x. The tech sector of the S&P 500, according to Refinitiv Datastream. dropped from 28.5 to 24.4. Some investors believe the stock needs to fall further before it becomes attractive. Morgan Stanley analysts wrote Friday that the fair value of the S&P 500 is closer to his 4,000, telling clients that “historically.

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