External broker reports(aggregated public sources), BRI Danareksa Research

BRI Danareksa Research

External broker reports(aggregated public sources)

As a one-stop financial solution with the vision to be the most valuable securities house, BRI Danareksa Sekuritas (BRIDS) has maintained an excellent track record and extensive experience in the capital market as an underwriter, broker, and financial advisor for individual, institutional, foreign and domestic, private and government clients. Established in 1992, PT Danareksa Sekuritas is a securities company that performs activities as a securities broker, underwriter, or arranger and financial advisor.

Credit

<ul>
<li>Powell’s hawkish tone in Jackson Hole The Fed’s chairman’s speech last Friday on annual Jackson meeting emphasized the potential need for The Fed to implement additional interest rate hikes to cool still-too-high inflation.</li>
<li>The PCE inflation rate in June 2023 was 2.97% y-y, down from 3.8% y-y in June 2022.</li>
<li>Meanwhile, the core PCE inflation rate as the key indicator decreased to 4.1% y-y from June’s of 4.6% y-y with consensus of 4.2% y-y in July. </li>
</ul>
<p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>


Powell’s hawkish tone in Jackson Hole The Fed’s chairman’s speech last Friday on annual Jackson meeting emphasized the potential need for The Fed to implement additional interest rate hikes to cool still-too-high inflation.
The PCE inflation rate in June 2023 was 2.97% y-y, down from 3.8% y-y in June 2022.
Meanwhile, the core PCE inflation rate as the key indicator decreased to 4.1% y-y from June’s of 4.6% y-y with consensus of 4.2% y-y in July. 

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

BRI Danareksa Debt Research, Weekly Report, August 29, 2023

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

First Trust Dj Internet Ind / Technical Analysis

<ul>
<li>Last week (8/22/23) we discussed our expectations for an oversold bounce due to an overwhelming number of indexes/Sectors/industries testing multi-month supports, combined with Treasury yields and the DXY testing resistance.</li>
<li>The bounce has begun with the SPP ending higher last week for the first time in a month, and it is possible we have seen the lows for this pause/pullback.</li>
<li>A meaningful correction cannot happen if the SPX is above 4300-4325, but we would not be surprised to see another month or more of consolidation between 4300 and 4600.</li>
</ul>


Last week (8/22/23) we discussed our expectations for an oversold bounce due to an overwhelming number of indexes/Sectors/industries testing multi-month supports, combined with Treasury yields and the DXY testing resistance.
The bounce has begun with the SPP ending higher last week for the first time in a month, and it is possible we have seen the lows for this pause/pullback.
A meaningful correction cannot happen if the SPX is above 4300-4325, but we would not be surprised to see another month or more of consolidation between 4300 and 4600.


Oversold Bounce Underway Amid Consolidation Phase; Buys in IT Consulting, Uranium, Technology

Head of Research, Steno Research

Emil Moller

Head of Research

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macroeconomics

<ul><li>As we approach the zenith of a historic hiking cycle, it’s hardly surprising to see mortgage applications plunging to unprecedented lows.</li><li>We’ve previously discussed how households that secured low rates have minimal motivation to relocate or refinance.</li><li>Consequently, there’s been a significant drop in volume, which is evident in the decline in purchase applications</li></ul>

As we approach the zenith of a historic hiking cycle, it’s hardly surprising to see mortgage applications plunging to unprecedented lows.We’ve previously discussed how households that secured low rates have minimal motivation to relocate or refinance.Consequently, there’s been a significant drop in volume, which is evident in the decline in purchase applications

Macro Nugget: US Real Estate and Interest Rates

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

<ul>
<li>The most pre-announced recession in human history is still yet to arrive and I don’t think it’s possible to find a period in time where the economist consensus has been continuously on the bearish side of actual outcomes, outside of the one we have just been through.</li>
<li>From a soft landing to a hard landing to NO landing.</li>
<li>That has been the pattern for economic projections both in Q4-2022 and Q1 to Q4-2023.</li>
</ul>


The most pre-announced recession in human history is still yet to arrive and I don’t think it’s possible to find a period in time where the economist consensus has been continuously on the bearish side of actual outcomes, outside of the one we have just been through.
From a soft landing to a hard landing to NO landing.
That has been the pattern for economic projections both in Q4-2022 and Q1 to Q4-2023.


Steno Signals #62 – The Recession Is Called Off (By Consensus)

Cross Asset Strategy

<ul><li>Here, we’re all about diving into market positioning to uncover some exciting insights about the bigger picture.</li><li>As always, we’ll be digging into the data, pulling out the key points, and spotting the most interesting market trends for you.</li><li>Without further ado let’s jump right into itAs we cautioned back in July, it’s no surprise that volatility has been on the rise throughout August.</li></ul>

Here, we’re all about diving into market positioning to uncover some exciting insights about the bigger picture.As always, we’ll be digging into the data, pulling out the key points, and spotting the most interesting market trends for you.Without further ado let’s jump right into itAs we cautioned back in July, it’s no surprise that volatility has been on the rise throughout August.

Positioning Watch: Has the August Pain Weakened the Bulls?

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

US Treasury (10 Yr Generic) (GT10 GOVT)

BRI Danareksa Debt Research, Weekly Report, August 29, 2023

Powell’s hawkish tone in Jackson Hole The Fed’s chairman’s speech last Friday on annual Jackson meeting emphasized the potential need for The Fed...

BRI Danareksa Research

Oversold Bounce Underway Amid Consolidation Phase; Buys in IT Consulting, Uranium, Technology

Our 8/22 expectations for oversold bounce coming to fruition as major multi-month supports hold $SPX $DJI $XLK $ACWI, & Treasury yields $TNX $TYX...

Vermilion Research

Macro Nugget: US Real Estate and Interest Rates

As we approach the zenith of a historic hiking cycle, it’s hardly surprising to see mortgage applications plunging to unprecedented lows. We’ve...

Steno Research

Steno Signals #62 – The Recession Is Called Off (By Consensus)

The most pre-announced recession in human history is still yet to arrive and I don’t think it’s possible to find a period in time where the...

Steno Research

Positioning Watch: Has the August Pain Weakened the Bulls?

Here, we’re all about diving into market positioning to uncover some exciting insights about the bigger picture. As always, we’ll be digging into...

Steno Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)