Category: Morning Report

With less than two weeks to go before the US runs out of cash, optimism is building that both sides of Congress will come together to prevent the unthinkable. Policymakers in Washington hinted yesterday that a bill to raise the US debt ceiling may be put to a vote next week. This encouraging development spurred […]

optimism is abound about a deal being reached on the debt ceiling and with the US set to run out of money in about two weeks, a deal must be struck soon to avoid total disaster

LIGHT ON OVERNIGHT NEWS AS WE SIT TIGHT AND AWAIT THE CONCLUSION OF THE DEBT CEILING DEBACLE

A lot of potential news out today with Retail Sales and a bunch of Fed speakers, not to mention President Biden’s meeting with McCarthy to discuss the debt limit

A positive start to the week although we are gearing up for a move, will it be up or down? We are going to have to traverse debt limit, inflation & rate issues before we find out

EVEN WITH BANKS GETTING POUNDED AGAIN, STALEMATE ON THE DEBT LIMIT AND FED’S BOWMAN SAYING THERE ISNT ENOUGH EVIDENCE OF DISINFLATION, WE ARE STILL PRICING IN AGGRESSIVE RATE CUTS AS SOON AS JULY, WHILE THE S&P JUST REMAINS IN ITS TIGHT RANGE

In today’s morning minute equities were pragmatic after the CPI yesterday and were buoyed by the headline number printing below 5% but there is still caution as we hope the debt ceiling issue gets sorted out

ITS INFLATION DAY!!! ALL FOCUS WILL BE ON THE US AND THE CPI NUMBER DUE OUT TODAY, THEN THE FED WILL HAVE TO BALANCE OUT THIS NUMBER WITH THE PROSPECT OF A DEBT CEILING LED DEFAULT AND A LOOMING CREDIT CRUNCH

Markets opening softer as we await tomorrows CPI, is the banking fear more like the toilet paper panic of 2020 or something more serious?

With the UK on holiday today, it should be a quiet one, focus has been on the debt limit and Warren Buffet signaling a downturn in the economy