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The remarks followed recent data showing an unexpected inflation increase in January and an unusually large jobs gain for the month. Traders dramatically raised their bets for a 50-basis-point rate hike in March after Powell's comments, with money market futures last pricing in a more than 70% chance of such a move, up from around 31% on Monday, according to CME Group's FedWatch tool. Data influencing the Fed's rate hiking path will include Friday's closely watched nonfarm payroll additions for February. Meanwhile, the yield on two-year Treasury notes , which best reflects short-term rate expectations, hit 5% for the first time since July 2007. Dick's Sporting Goods (DKS.N) rallied 11% after the retailer forecast annual earnings above Wall Street estimates and more than doubled its quarterly dividend.

Equities lost ground right after Powell's prepared remarks were released ahead of his testimony and sank further as the session wore on. Powell told U.S. lawmakers the Fed is prepared to move in larger steps if economic data suggests tougher measures are needed to control rising prices. Data the Fed will use to influence its rate hiking path will include Friday's non-farm payroll numbers. Meanwhile, the yield on two-year Treasury notes , which best reflects short-term rate expectations, hit 5% for the first time since July 2007. Dick's Sporting Goods (DKS.N) was up 9.6% after the retailer forecast annual earnings above Wall Street estimates and more than doubled its quarterly dividend.

Meanwhile, Fed fund rates were seen peaking at 5.6% in September compared to 5.47% earlier. Investors are awaiting data later this week that is expected to show nonfarm payrolls increased by 200,000 in February, compared with the much stronger-than-expected 517,000 jobs reported in January. All the 11 major S&P sectors fell, with cyclical sectors such as financials (.SPSY) and materials (.SPLRCM) leading declines. Meanwhile, the yield on two-year Treasury notes , which best reflects short-term rate expectations, rebounded to its highest since 2007 at 4.96%. The S&P 500 recorded 10 new 52-week highs and six new lows, while the Nasdaq posted 40 new highs and 112 new lows.

☆ Odds of 50-basis-point Fed rate hike rise after Powell testimony
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +2 min

March 7 (Reuters) - Traders of futures tied to the Federal Reserve's policy rate were pricing in a half-percentage-point hike in interest rates at the U.S. central bank's March 21-22 policy meeting after Fed Chair Jerome Powell said on Tuesday that continued strong inflation data could require tougher measures. That was up from the 30% chance seen before Powell's testimony before the Senate Banking Committee. Futures briefly showed more than a 50% chance of a 50-basis-point (bp) hike immediately after Powell's remarks. The futures contracts pricing also points to firming expectations for the policy rate to rise to a 5.25%-5.50% range by June. Powell's testimony on Tuesday marked a stark acknowledgement that a "disinflationary process" he spoke of repeatedly in a Feb. 1 news conference may not be so smooth.

Traders drastically increased their bets of a 50-basis-point rate hike in March after Powell's comments, with money market futures pricing a more than 40% chance of such a move, from 23% before the remarks. Meanwhile, Fed fund rates were seen peaking at 5.56% in September compared to 5.47% earlier. Investors are awaiting data later this week that is expected to show nonfarm payrolls increased by 200,000 in February, compared with the much stronger-than-expected 517,000 jobs reported in January. Among individual stocks, Rivian Automotive (RIVN.O) tumbled 10.5% after the electric automaker unveiled plans to sell bonds worth $1.3 billion. The S&P index recorded 10 new 52-week highs and four new lows, while the Nasdaq recorded 30 new highs and 77 new lows.

☆ Hawkish Powell puts 50 bp Fed rate hikes back on table
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +6 min

"Powell makes it clear the Fed would react accordingly if the data suggests that inflation continues to move in the wrong direction. It was very clear to the market that the Fed is not going to equivocate in terms of data that suggests inflation continues to climb higher or remain sticky." "Six percent (terminal rate) would be a little higher than it is likely. ROBERT PAVLIK, SENIOR PORTFOLIO MANAGER, DAKOTA WEALTH, FAIRFIELD, CONNECTICUT"The focus of the Fed is trying to get inflation down to 2%. "I prefer just one more 25 basis point rate hike, but probably we're going to get three 25 basis point rate hikes."

☆ Wall St pares gains, Treasury yields turn higher ahead of Powell testimony
▼ + stars: | 2023-03-06 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

[1/4] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., February 27, 2023. All three major U.S. stock indexes were modestly higher, although well off session highs, Treasury yields reversed an earlier dip and the dollar pared its losses in afternoon trading. Emerging market stocks rose 0.57%. Benchmark U.S. Treasury yields were last nominally higher on the day, bouncing back from initial decline. The dollar lost ground against a basket of world currencies ahead of Powell's testimony and the jobs data.

☆ Horizon Investments CIO: Might have a rockier path to disinflation than the market's pricing
▼ + stars: | 2023-02-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHorizon Investments CIO: Might have a rockier path to disinflation than the market's pricingKelsey Berro, JPMorgan Asset Management fixed income portfolio manager, and Scott Ladner, chief investment officer at Horizon Investments, join 'Squawk Box' to discuss last week's stock performance, how the inflation data changed the equation, and more.

☆ Premarket stocks: It's bulls vs. hawks on Wall Street
▼ + stars: | 2023-02-23 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

New York CNN —There’s a new tussle brewing in the animal kingdom of Wall Street: Hawks vs. Bulls. The question is, will the Fed be able to break through and convince Wall Street to finally give in to market pessimism? “Setting aside what financial market participants expected us to do, I saw a compelling economic case for a 50 basis-point increase,” she said at an event in Florida. Asda told CNN that it was temporarily limiting purchases of some items to three packs per customer. Morrisons told CNN that it had imposed a cap of two packs per customer on the same products.

☆ The U.S. economy looks pretty strong and will feed into corporate profits, says Horizon's Hill
▼ + stars: | 2023-02-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe U.S. economy looks pretty strong and will feed into corporate profits, says Horizon's HillMimi Duff, GenTrust advisor and managing director, and Zachary Hill, Horizon Investments head of portfolio strategy, join 'Squawk Box' to discuss what's happening in the microeconomic economy, if equities could make a move higher and more.

☆ Watch CNBC's full interview with GenTrust's Mimi Duff and Horizon Investments' Zachary Hill
▼ + stars: | 2023-02-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with GenTrust's Mimi Duff and Horizon Investments' Zachary HillMimi Duff, managing director at GenTrust, and Zachary Hill, Zachary Hill, head of portfolio management at Horizon Investments, join 'Squawk Box' to discuss what's happening in the economy, whether equities could make a move higher, and more.

☆ Wall Street Week Ahead: Retailers' results may be next test for rally in U.S. stocks
▼ + stars: | 2023-02-19 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +4 min

Nolte is considering buying home-improvement retailer stocks that were hit hard in 2022 as the housing market struggled. Other companies set to report next week include chip company Nvidia (NVDA.O), COVID-19 vaccine maker Moderna (MRNA.O) and e-commerce firm eBay (EBAY.O). Both companies are set to report on Tuesday and will "set the stage for everyone else," according to JPMorgan retail analysts. Reuters GraphicsAmong the other retailers set to report in the coming week are TJX Companies (TJX.N) and Bath & Body Works (BBWI.N). "We are clearly emphasizing retailers in select industries versus the mass market retailers," Tuz said.

☆ Two investment strategists discuss CPI's impact on the markets
▼ + stars: | 2023-02-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTwo investment strategists discuss CPI's impact on the marketsHorizon Investments' Zachary Hill and Baird's Ross Mayfield discuss the markets' reaction to the January CPI report.

With a majority of S & P 500 companies having posted their quarterly results, investors' focus will turn toward inflation and the consumer price index reading in the upcoming week. The three major indexes are on pace to end the week down, with the S & P 500 poised to post its worst performance since December. Sharp declines for Alphabet , which is off by more than 9% this week, dragged the tech-heavy index. January's consumer price index With the latest Powell speech in the books, investors are now looking ahead to the consumer price index for insight into the pace of inflation. "Retail sales and CPI is really driven by the consumer, and a lot of eyes are on how the consumer doing," Bruno said.

☆ Stocks fall, U.S. yields climb with central banks on tap
▼ + stars: | 2023-01-30 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

[1/3] Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 27, 2023. Stocks in Europe closed lower, with rate-sensitive names such as technology shares among the primary decliners after inflation data from Spain came in above expectations while other data showed the German economy unexpectedly contracted in the fourth quarter. The pan-European STOXX 600 index (.STOXX) lost 0.17% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.85%. U.S. Treasury yields rose ahead of the central bank meetings and economic data, with the 10-year yield up for a third consecutive session. Crude prices fell ahead of the expected hikes by central banks and signals of strong Russian exports.

☆ S&P 500 closes slightly red as weak corporate guidance fuels recession fears
▼ + stars: | 2023-01-25 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Fourth-quarter earnings season has shifted into overdrive, with 95 of the companies in the S&P 500 having reported. Analysts now see aggregate S&P 500 earnings dropping 3.0% year-on-year, nearly double the 1.6% drop seen on Jan. 1, per Refinitiv. Five of the 11 major sectors of the S&P 500 ended lower, with utilities (.SPLRCU) suffering the largest percentage loss. General Dynamics Corp (GD.N) beat quarterly expectations, but a weak 2023 forecast helped send the defense contractor's shares sliding 3.6%. The S&P 500 posted 8 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 61 new highs and 30 new lows.

☆ Investors should be careful reading into Fed messaging, says Advisors Capital's Feeney
▼ + stars: | 2023-01-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should be careful reading into Fed messaging, says Advisors Capital's FeeneyJoAnne Feeney, Advisors Capital Management partner and portfolio manager, and Zachary Hill, Horizon Investments head of portfolio management, join 'Squawk Box' to discuss how equities look this year to Feeney, when there will be a good time to buy stocks investors like and more.

☆ Watch CNBC's full interview with Advisors Capital's JoAnne Feeney and Horizon Investment's Zachary Hill
▼ + stars: | 2023-01-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Advisors Capital's JoAnne Feeney and Horizon Investment's Zachary HillJoAnne Feeney, Advisors Capital Management partner and portfolio manager, and Zachary Hill, Horizon Investments head of portfolio management, join 'Squawk Box' to discuss how equities look this year to Feeney, when there will be a good time to buy stocks investors like and more.

☆ Ladner: There will be a lot of tailwinds for the markets in the back half of next year
▼ + stars: | 2022-12-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLadner: There will be a lot of tailwinds for the markets in the back half of next yearScott Ladner, Chief Investment Officer at Horizon Investments, joins Worldwide Exchange to discuss his view on the markets.

☆ Analysis: U.S. stock investors face recession fears as they bid good riddance to 2022
▼ + stars: | 2022-12-23 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

"The issue is how much has the market already discounted a recession, and that’s where it gets a little bit thornier." Concerns that the Fed will maintain its hawkish stance helped drive the S&P 500 down 1.45% on Thursday. The S&P 500 marked a 2022 closing low of 3,577.03 in October, just over 6% below its current level. Yet earnings fall by an average annual rate of 24% during recessions, according to Clissold, leaving plenty of downside for profits if a slowdown hits. Bear markets on average have bottomed four months before the end of a recession, according to Clissold, of Ned Davis.

☆ Hill: This whole year has been driven by macro issues, and we just haven't been able to get past them
▼ + stars: | 2022-12-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHill: This whole year has been driven by macro issues, and we just haven't been able to get past themZachary Hill of Horizon Investments discusses why it's still time to stick with the value trade.

☆ Powell says rate hike moderation may come by December
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +3 min

Curing inflation "will require holding policy at a restrictive level for some time," he said. read moreUS stocks turned sharply higher on his comments, while Treasury yields fell back and the dollar turned lower. More than that, I think (investors) are starting to get a little more comfortable with investing at rates at this level... Investors have gotten to the point now where they are looking to come back into the market. SAMEER SAMANA, SENIOR GLOBAL MARKET STRATEGIST, WELLS FARGO INVESTMENT INSTITUTE, CHARLOTTE, NC"The market is taking this glass-half-full, it could've been worse approach. The balance sheet is almost as important if not more important than the level of rates."

SummarySummary Companies Investors look to Powell speech for interest rate cluesU.S. consumer confidence slips in NovemberS&P 500 -0.16%, Nasdaq -0.59%, Dow +0.01%Nov 29 (Reuters) - The S&P 500 ended down on Tuesday, with losses in Apple and Amazon ahead of an upcoming speech by U.S. Federal Reserve Chair Jerome Powell that could provide hints about magnitude of future interest rate hikes. Investors will be looking for clues about when the Fed will slow the pace of its aggressive interest rate hikes. The S&P 500 energy sector index (.SPNY) rallied 1.3%, while gains in oil prices on expectations of a loosening of China's strict COVID controls were later offset by concerns that OPEC+ would keep its output unchanged at its upcoming meeting. The S&P 500 declined 0.16% to end the session at 3,957.60 points. The S&P 500 posted three new highs and two new lows; the Nasdaq recorded 68 new highs and 183 new lows.

Powell is due to speak at a Brookings Institution event on Wednesday about the outlook for the U.S. economy and the labor market. Investors will be looking for clues about when the Fed will slow the pace of its aggressive interest rate hikes. In afternoon trading, the S&P 500 was down 0.03% at 3,962.83 points. Advancing issues outnumbered falling ones within the S&P 500 (.AD.SPX) by a 1.1-to-one ratio. The S&P 500 posted one new high and two new lows; the Nasdaq recorded 46 new highs and 149 new lows.

☆ The Fed still has more work to do against inflation, says Horizon Investments' Zachary Hill
▼ + stars: | 2022-11-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed still has more work to do against inflation, says Horizon Investments' Zachary HillZachary Hill, head of portfolio management at Horizon Investments, joins CNBC's 'Squawk Box' to discuss his market outlook ahead of the open on Friday.

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