Wall Street Set To Rally On Mild Producer Inflation Data As Traders Boost Bets On Bigger Fed Rate Cut: 5 ETFs To Watch Tuesday
Portfolio Pulse from Piero Cingari
A lower-than-expected Producer Price Index (PPI) report has led to increased bullish sentiment in premarket trading, with traders boosting bets on a larger Federal Reserve interest rate cut next month. Key ETFs like SPY, QQQ, IWM, and TLT saw gains, while GLD experienced a slight dip.
August 13, 2024 | 1:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
iShares Russell 2000 ETF (IWM) futures were up 0.8% in premarket trading following the lower-than-expected PPI report, indicating increased bullish sentiment and higher bets on a larger Fed rate cut.
The lower-than-expected PPI report has led to increased bullish sentiment, causing IWM futures to rise. This suggests that investors are optimistic about a larger Fed rate cut, which could benefit small-cap stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Invesco QQQ Trust (QQQ) futures rallied 0.9% in premarket trading due to the lower-than-expected PPI report, reflecting increased optimism for a larger Fed rate cut.
The lower-than-expected PPI report has led to increased bullish sentiment, causing QQQ futures to rally. This indicates that investors are optimistic about a larger Fed rate cut, which could benefit tech stocks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SPDR S&P 500 ETF Trust (SPY) futures rose by 0.6% in premarket trading following the lower-than-expected PPI report, indicating bullish sentiment and increased bets on a larger Fed rate cut.
The lower-than-expected PPI report has led to increased bullish sentiment, causing SPY futures to rise. This suggests that investors are optimistic about a larger Fed rate cut, which could further boost the stock market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
iShares 20+ Year Treasury Bond ETF (TLT) saw a 0.5% increase in premarket trading following the lower-than-expected PPI report, reflecting increased bets on a larger Fed rate cut.
The lower-than-expected PPI report has led to increased bullish sentiment, causing TLT to rise. This indicates that investors are optimistic about a larger Fed rate cut, which could benefit long-term Treasury bonds.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
SPDR Gold Trust (GLD) experienced a slight dip of 0.1% in premarket trading following the lower-than-expected PPI report, as traders increased bets on a larger Fed rate cut.
The lower-than-expected PPI report has led to increased bets on a larger Fed rate cut, causing a slight dip in GLD. This suggests that investors are moving away from gold as they anticipate lower interest rates.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80