Category: Closing Report

The markets and many economists expect the Federal Reserve to keep rates unchanged this week while keeping the door open for a hike as soon as the next meeting in July — a “hawkish pause” that some Fed officials are calling a “skip.”

THERE WAS LITTLE IN THE WAY OF FINANCIAL NEWS TODAY , ALTHOUGH APPARENTLY WE ARE NOW IN A BULL MARKET FOR EQUITIES AS WE ARE ABOVE 20% FROM THE 2022 LOW

ITS ALL ABOUT RATES…A SURPRISE 25bp HIKE BY THE BoC SETS THE STAGE FOR THE FED NEXT WEEK. WE ARE NOW PRICING IN OVER A 90% CHANCE THAT THEY WILL GO AGAIN BY THE JULY MEETING.

Goldman’s reduced their odds of a recession from 35% to 25%, so maybe the Fed has threaded the needle, a below trend growth is after all, better than none at all

A quiet session as we gear up to see what the Fed will do with rates next week and with no significant numbers out this week it could be a quiet summer week.

STOCKS SKYROCKETED AFTER YET ANOTHER STRONG JOBS NUMBER, BUT LOOKING AT THE DETAILS HAD THE MARKET ON THE FENCE WHETHER THE FED WILL RAISE RATES IN THE JUNE MEETING

Players looking forward to the NFP tomorrow as we look to the Fed for direction on rates after rhetoric over the last 2 days indicates a possible skip but that they wont stop raising

Dovish talk by Fed officials didnt help stocks today as we await congress to approve the debt deal

Cautious session as we await confirmation from congress that the debt del will actually get passed. I should do, but with the state of politics today, nothing would surprise me any more.

A HOT PCE NUMBER SAW THE RATE MARKET FINALLY FALL CLOSER IN LINE WITH THE FED TO IMPLY THE LIKELIHOOD OF A HIKE COME THE NEXT MEETING,IT DIDNT STOP STOCK RALLYING LIKE CRAZY TO HAVE ANOTHER GO AT AN UPSIDE BREAKOUT