Results for: Economic Concerns

Apple shares plummeted in premarket trading Monday, driven by disappointing iPhone 16 preorders and economic uncertainties. Analyst Ming-Chi Kuo reported a 12.7% decline in preorders compared to the iPhone 15, citing weaker demand for the Pro models. The report highlights a challenging economic environment in China, Apple’s key market, and intensifying competition from domestic rivals like Huawei. Additionally, investor anxieties surrounding a potential Federal Reserve rate cut may be contributing to the tech sector’s downturn.

The 2024 general elections showcased a complex interplay of voter sentiment and political dynamics, with the BJP falling short of a majority despite some positive assessments. Economic concerns, such as inflation and unemployment, overshadowed the government’s achievements, leading to voter dissatisfaction and a drop in support for the party. While voters appreciated initiatives like the Ram Mandir construction and Hindutva promotion, they were more swayed by economic issues and voted for the opposition parties. Overall, the CSDS-Lokniti post-poll survey reveals the challenges faced by the BJP and provides insights into the factors that influenced voter choice.

Treasury yields have witnessed a significant upward trajectory, reaching their highest levels since November 2023. This surge is having a direct impact on the U.S. mortgage market, with rates rising to their highest levels since late 2023. The 30-year fixed mortgage rate has escalated to 7.24%, leading to a decline in mortgage application activity. Meanwhile, the rising yields have amplified concerns about the burgeoning federal deficit, with some analysts expressing worries about its potential to destabilize the market. From a technical standpoint, the monthly chart for 30-year Treasury yields exhibits an ascending channel, suggesting the possibility of further yield increases. Key resistances to watch include 5% and higher, raising the potential for negative returns in bonds.