Wall Street Breakfast September 19: U.S. Homebuyers Buy The Dip As Prices Cool In August Vs. July, Report Shows
Wall Street Breakfast
Seeking Alpha
3.8 • 950 Ratings
🗓️ 19 September 2022
⏱️ 7 minutes
🧾️ Download transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, your daily source of market news and analysis. |
| 0:06.8 | Subscribe to this podcast on Apple Podcast, Spotify or Stitcher. |
| 0:11.2 | Good morning. Today is Monday, September 19th, and I'm your host Julie Morgan. |
| 0:15.8 | Our top stories, The Catalyst Watch, Home Prices, Amazon, Volkswagen, Uber, and T-Mobile. |
| 0:23.0 | First to look back and then a look ahead. |
| 0:26.0 | The major U.S. equity indices posted solid declines on Friday. |
| 0:30.0 | Stocks were dragged down by a warning from FedEx. |
| 0:33.0 | With the slide the major averages added to losses recorded earlier in the week |
| 0:38.0 | as Wall Street notched its fourth down week out of the last five. |
| 0:42.0 | Nine of 11 S&P sectors finished this session in red. |
| 0:45.2 | This included greater than 2% slides in energy and industrials. |
| 0:49.4 | Consumer staples and real estate ended fractionally higher. The 10-year Treasury |
| 0:54.1 | yield slipped about one basis point at 3.45 percent and the two-year |
| 0:58.8 | yield also dipped one basis point to 3.86%. In the earning spotlight today, AutoZone. Now on to our |
| 1:08.3 | catalyst watch for the week. 75 or 100. Nothing else matters. 75 base points or 100 basis points. |
| 1:14.9 | It wasn't even a question last week, and then we had the hot |
| 1:18.4 | CPI number. |
| 1:19.3 | The market started pricing in the possibility of a full point hike. |
| 1:22.7 | It kind of peaked at around 40% chance. |
| 1:25.2 | So I think Wall Street's kind of as talked its way |
| 1:28.2 | into the 75 basis for Winston-Mur is the only shop |
| 1:31.0 | they actually come out and back a full point hike. |
... |
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