Hawkish Repricing Extends

its chance, of the story’s futures

−0.4%on the S&P 500, if it happens

Markets continue to price a December Fed hike after hot CPI, firm PCE inflation and hawkish commentary from Cleveland Fed President Beth Hammack. Higher real-yield expectations and a firmer dollar keep gold under pressure over the next 1-2 trading days.

What it moves

Non-Energy Materials−0.8%
Technology−0.5%
10-year Treasury yield▲ up
Market volatility▲ up

Sectors in percent; other series by direction only.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

Hawkish Repricing Extends

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