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Japan & Taiwan hit records on tech rallies; Fed rate cut bets rise. Oil & gold climb on geopolitical risks.
S&P 500 faces 8% drop to 6k if CPI heats up; JPMorgan warns of caution amid high valuations.
IHRT drops 6.4% on cautious sentiment despite soft PPI. UTI, WH, CROX, SABR also dip. Fed rate cut hopes fade.
Japan firms oppose tighter foreign worker curbs, say stricter limits on foreign workers would be counterproductive amid a shrinking population and rising labour shortages, which have already triggered a record pace of bankruptcies.
Ethereum bulls got whipsawed yesterday as US stocks flipped from risk-on (PPI cheer) to risk-off later, but ETH futures are holding firm above $4,380. Bulls look okay for now!
Inflation cools, but LIND, CLAR, BFAM, PRKS dip 3-3.4%. PRKS down 12.6% YTD, trading below 52-wk high.
AMCX, ATUS, HOG, EWCZ, SSP drop 3-5.8% despite soft PPI; EWCZ down 5.1% on weak jobs data.
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