Fed rhetoric becomes more \”hawk\”

The

session on March 21 on the main American stock markets ended with a small decline. S & P 500 decreased by 0.04%, up to 4461 points, Dow Jones adjusted by 0.58%, NASDAQ dropped by 0.4%. The most significant growth showed the energy sector (+ 3.79%) against the background of the positive dynamics of oil quotes. Worse than others, the shares of cyclic consumer goods manufactured (-0.76%), telecoms (-0.67%) and real estate sector companies (-0.52%) were worse.

Companies News

Thoma Bravo absorbs Anaplan (Plan: + 27.6%) for $ 10.7 billion with cash. By expectations, the transaction will be closed in the first half of the 2022th. BERKSHIRE HATHAWAY (BRK.B: + 2.12%) acquires Alleghany (Y: + 24.9%) for $ 11.6 billion. Presumably, the transaction will be completed closed in the fourth quarter of the current year. Model 737-800 NG from Baeing (BA: -3.8%) running China Eastern Airlines (CEA: -6.31%) failed in the Guangxi district on March 21.

We expect

at the NABE Economic Policy Conference on the Economic Policy of Economic Policy. According to him, there is The obvious need to quickly move to neutral monetary policies, and then to more serious measures, if necessary. Powell also noted that the Fed is ready to act more aggressively and raise the rate by more than 25 bp. For one meeting, if necessary. He also added that a long period of high inflation can push the revision of long-term expectations on the market, while refrained from clarifying any details regarding further actions aimed at reducing the balance Fed. It was only mentioned that this issue could be considered at the May meeting.

Earlier, these topics have already spikers, such as James Bullard and Christopher Waller, who come for more aggressive FOMC actions. The President of the FRB Atlanta Raphael Bostik (who did not voting) reported that she had scheduled six increasing key rates for 2022 and sees scenarios in which inflation could lead to a more rigid monetary policy than previously expected.

Fedwatch data from CME Group currently testify On the possible raising rate on the upcoming meeting of the FOMC on May 4 by 50 bp.

Bidding at the Southeast Asian sites ended mainly in the plus. Hong Kong Hang Seng grew by 3.29%, Japanese Nikkei rose by 1.48%, but the Chinese CSI 300 lost 0.08%. EUROSTOXX 50 from the opening of the session is growing by 0.25%. Futures on the Brent Oil Futures in the moment rises to $ 117 per barrel. Gold is traded at $ 1932 per troy ounce.

In our opinion, the upcoming S & P 500 session will spend in the range of 4420-4470 points. Today publications meaningful macrostatistics Not expected. Freedom Finance sentiment index grows up to 39.

Technical pattern

S & P 500 achieved resistance at the level of 200-day moving average and in the near future it can test it. RSI and MACD indicators sign up to the strength of “bulls”. In the case of breaking up a 200-day middle benchmark, an upward movement may resume, designating the completion of the correction. At the short-term horizon, rollback is possible to the nearest support, which is at the mark of 4,300 points.

Reports

Today Report For the first quarter will present the world’s largest software developer to create digital content Adobe (ADBE). The FactSet consensus involves increasing revenue by 8.6%, up to $ 4.241 billion, as well as the growth of adjusted breeding EPS by 6.4%, to $ 3.34. These indicators correspond to the initial guiders of the developer itself. Calculate strong results in the Digital Media segment, including by expanding the web availability of Photoshop and Illustrator, sustainable demand for mobile solutions and preserving a strong adobe substance growth pulse. We believe that Document Cloud will continue to develop steadily, and the growth of Adobe Sign indicators can slow down against the background of the deterioration of the key competitor of this Docusign product. In the focus of investors’ attention will be expectations regarding sales growth for the current year. Note that the company’s outlook for the 2022th in the fourth quarter was lower than the preliminary estimates of the market.

Also investors will be interested in forecasts in relation to margin, since expectations of the growth of operating expenses have had significant pressure For Adobe quotes in recent months.

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