With the arrival of earnings reporting season, the market will pay more attention to inflation risks and financing costs👀
In the absence of important economic data releases next week, the impact of macro events will be suspended. The market must wait until Chairman Powell's speech on Thursday to further confirm the dovish policy shift hinted by other FOMC members. However, the market will also pay attention to the upcoming earnings reports. quarter, the EPS threshold for this quarter will be much higher than the previous two quarters. On the interest rate front, given the risk of a renewed rise in inflation, bond investors are likely to turn their attention to ongoing quantitative tightening and supply estimates, which are expected to be larger in the November refinancing announcement Growth, therefore, even if the market does not like it, but with financing costs remaining high, the term premium is likely to continue to rise and the yield curve may continue to steepen.
