Monday, July 4

Wall Street seeks new highs in the Dow Jones and S & P500, despite the advance of omicron

Wall Street yesterday opened 2022 with new records in the Dow Jones and the S&P 500. Specifically, the DOW JONES Ind Average rose 0.68% to 36,585.06 points, the S&P 500 stood at 4,796.56 with an advance of 0.64% and the NASDAQ 100 rallied 1.11% to 16,501.77 units. This Tuesday, lThe futures of the main American indices continue to rise. Specifically, in the pre-opening the Dow Jones rebounded by 0.35% at 36,714.20 points, the S & P500 by 0.40% to 4,815.80 and the Nasdaq 100 by 0.37% at 16,563.70.

All this in a context marked by the rebound in contagions by Ómicron and in which investors are also attentive to the behavior of the market in the face of the “acceleration of tapering” approved by the FED, whose minutes of the last Open Market Committee (FOMC) will be published this Wednesday. Highlight that the United States registered more than a million cases yesterday, Monday of coronavirus, a daily figure that had not been reported anywhere in the world during this pandemic, according to a balance from Johns Hopkins University. At a time when the Omicron variant hits the country hard, the university also recorded 1,688 deaths in 24 hours, a day after Anthony Fauci, the government’s main adviser in this pandemic, declared that the increase in cases of covid-19 in the United States it was “almost vertical.” The country reported around 1.07 million confirmed cases in the last 24 hours, being the country most affected by the pandemic in the world.

Regarding the forecasts for Wall Street in this 2022, and taking into account the year that we ended last week that brought benefits for investors, this exercise seems to paint with the same trend, or at least according to those who tell us five predictions of Brian Sozzi. Truist Advisory Services co-chief investment officer Keith Lerner found that since 1950, when the S&P 500 had a total return of at least 25% in one year, stocks generally rose the following year. The result during that stretch of 71 years: Stocks advanced 82% of the time, or 14 out of 17 cases.

In the business arena, the number of companies you see economic improvement in the next two quarters it has dropped significantly, according to a report by the NFIB (National Federation of Independent Business of the USA). Most cite as a problem offsetting the sharp rise in production costs.

At the business level, we must highlight Apple, which yesterday Monday became the first American company to achieve the 3 trillion dollars of capitalization.

The social network Twitter closed yesterday the sale of MoPuba AppLovin for 1,050 M $ in cash. The deal was announced last October. The transaction will allow Twitter to accelerate the development of its own revenue products to enhance growth in “key areas”, it said when it announced the operation.

Macro and politics

The construction spending in the month of November in the US. Construction expenditure (Monthly) (Nov): 0.4% vs 0.6% expected and vs 0.4% previously.

The Manufacturing PMI in December US manufacturing PMI slows slightly (Dec): 57.7 vs. 57.8 expected and vs. 58.3 prior.

In reference to the current geopolitical situation, US President Joe Biden has stated that the United States is in a strong position to address current challenges. Internally, he also stated that “too many industries are dominated by just a handful of companies and that he would vigorously enforce existing competition laws.”

White House nominates economist Philip Jefferson to serve on the governing council of the Federal Reserve.

Sarah Bloom Raskin she has become the leading candidate to be the choice of President Joe Biden to the position of vice president of supervision at the Federal Reserve.


By all estimates, the OPEC + It will keep its roadmap intact at today’s meeting with a gradual increase of 400,000 b / d for the month of February, according to three sources from the organization. In addition, OPEC sees an oversupply in 1Q22 25% lower than initially estimated, according to delegates from the organization. On the other hand, OPEC appointed Haitham Al-Ghais of Kuwait as the new secretary general of the cartel. Al-Ghais commented: “One of the priorities will be to maintain the current pact during 2022. Global oil demand will return to pre-pandemic levels by the end of 2022.”

At this time, the oil prices they move higher. Specifically, oil futures Brent is trading 0.82% higher in the 79,63 dollars a barrel, while those of West Texas rebounded 0.80% at 76.67 dollars.

In the cryptocurrency market, Bitcoin falls 1.49% to $ 46,675.4.

At by EUR / USD, the euro is trading flat at 1.1284 greenbacks.


In the US, the data to follow will be the Redbook index, the manufacturing PMI and weekly crude oil reserves.

In addition, this Tuesday OPEC and Russia debate the future of oil in a meeting with omicron and inflation as protagonists.

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