MAGS News and Press, Magal Security Sys From 07/13/24

2024-07-13 00:54:43 ET Summary U.S. inflation fell to 3 percent, year-over-year, in June, exceeding expectations. Investors are betting on interest rate cuts this year, one, or, possibly two. The economy remains relatively strong, unemployment is OK, although it has risen in t...

2024-07-13 00:30:00 ET Summary US inflation data caused a significant selloff in US mega-cap tech stocks and a shift towards riskier areas of the market. The ECB interest rate decision is expected to bring no change, but the bank lending survey may shed light on the impact of high...

2024-07-12 23:58:00 ET Summary The June CPI reading significantly increases the likelihood of a Federal Reserve rate cut in September. This marks the second consecutive month of weaker-than-expected inflation data. Headline CPI fell to -0.1% month-on-month, the first negative ...

2024-07-12 15:15:00 ET Summary Yesterday, a strong rotation took place out of mega cap stocks into smaller cap stocks. Thursday was only one day, but the Mag 7 did not fare well, with the MAGS ETF down almost -4.5%. The market thinking is a rate cut will stimulate the economy,...

2024-07-12 12:00:00 ET Summary We see a new wave of investment into the real economy, transforming economies and markets. We look for investments that can do well across scenarios and lean into the current most likely one. We stay dynamic and ready to overhaul asset allocation...

2024-07-12 10:10:00 ET Summary U.S. growth is softening as lower-income households feel the bite of higher interest rates. A first Fed rate cut could occur in September, provided inflation continues to decelerate, and economic activity does not reaccelerate. The inflation scar...

2024-07-12 07:30:00 ET Summary Exports remained well-supported by strength in autos and semiconductors, but imports slid amid modest demand in June. China's June exports grew by 8.6% year-on-year to USD 307.8bn, which came broadly in line with forecasts. In terms of product ex...

2024-07-12 06:28:00 ET Summary Federal Reserve policymakers closely watch core inflation data for signs of cooling, and June offered a second straight month of surprisingly low readings in the core CPI. Looking at the overall CPI data and trends, we don’t believe Juneȁ...

2024-07-12 05:16:00 ET Summary Thursday’s CPI report was a big downside surprise as more signs of disinflation appeared across the economy. Core CPI rose 0.06% in June, which brought the annualized rate to 3.27%. Core services were actually negative in June, the first time ...

2024-07-12 04:50:00 ET Summary The evidence supporting multiple Fed rate cuts is now solid. Owners' equivalent rent makes up about one-third of the CPI index and this has been adding significantly to the rise in the CPI index until this month. Treasury yields tend to track inf...