Thursday everyone!
A real bloody mess was on the map of the American market yesterday. All 11 sectors of Americawent into the red zone.And the fault of everything is one far from the largest company, which simply showed a 2-fold decrease in revenue, and even added that like “guys are sorry, but it will be even worse further because fuel and transportation costs are growing.” US retailer TGT had its 2nd worst day since Black Monday 1987. Having lost a quarter of the price yesterday, he set up not only his shareholders, but in general all American shareholders. For even the relatively calm DOW Jones reeled nearly 4% yesterday, other indices posted their biggest one-day drop since March 2020.
This hysteria was caused by the realization thatinflation has reached one of the main engines of the American economy - consumption. Analysts explain this by the fact that although salaries are growing, they are much slower than price growth, and the market is now trying to assess how bad everything will be. To understand the scale of inflationary pressure, let me remind you that starting from the March collapse of 2020, in order to buy out the markets, the Fed printed 80% of all dollars that currently exist, or 5 times increased the number of dollars that were before. Now the retarded Fed is raising rates half a percentage point at a time to fix it.
In the meantime, banks like JP Morgan and WellsFargo are loweringforecasts for the SnP index and US GDP, so as not to miss the opportunity, then say "well, we told you." But Jeremy Gratham, a recognized grandfather bear, who predicts past crises well and talks about the current one almost since last summer, again said like “guys, this is all very reminiscent of the dot-com bubble in 2000, and since such a booze, I expect that SnP will crash up to 2500 points. Or another 36% from current levels. I must say that the grandfather has the most gloomy scenario so far.
On days like these bloody spills usually fallin general, everything, therefore, all raw materials, led by oil, also sank yesterday. Moreover, the Americans are actively working on the full loading of their capacities, which are striving for maximums, and they are also going to lift sanctions on Venezuelan oil, which will add supply to the market, so the quotes went down.
We should also not forget that cryptocurrencies,Having slightly cooled off lately, they are moving along with the rest of the markets, because analysts note that there is not much liquidity in the system now and it is reminiscent of March 2020. Therefore, the same Bitcoin has more or less stabilized around $30k, but it could go as low as $20k if investors continue to leave speculative assets in a panic.
On the Russian stock market, dividend paymentsare of great concern to investors. Indeed, a very nice bonus at the usual time, now many are regarded simply as a generous gift. Yesterday, MTSS announced an offer from management to pay out generous divas of around ₽34 per share (that's half a dollar for a minute), which translates into a dividend yield of over 15%. The market obviously did not expect such an adjustment, and at the opening of MTS shares flew + 30%. Then the truth dawned on everyone that this was not yet a final decision, but simply a proposal from the board of directors, so the day ended with an increase of 11%, but also a lot. The decision will be made on June 22, and in order to receive the already fixed dividends, you will need to buy MTS before July 8, and on the next trading day they will open without divs or with a dividend gap.
By the way, analysts say that MTS has everythingthe chances of growing this year to 300 rubles per share, so he has a good UPside. Rostelecom portrayed the same maneuver only 6 times weaker, but also jumped at the opening by 5%, against the backdrop of an offer to pay divs in the amount of ₽6 or 10%. But the main intrigue unfolds around Gazprom's dividends, on May 26 the final decision will be announced. And although the position of the company is now strong, in the current situation and with an eye on the global restructuring of flows in the future, the divi company can squeeze. If he decides to pay anyway, then its price may continue to move towards ₽300 per share.
Let the mood be excellent, and the deals profitable! PIS Yo!
