Mindblown: a blog about philosophy.
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US Initial Jobless Claims w/e 261k vs Exp. 235k (Prev. 232k, Rev. 233k) – highest since late 2021
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END OF DAY REPORT JUNE 7th
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.
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PUT OPTIONS
The simple textbook definition is a buyer of a Put option has the right (but not the obligation) to sell a specified quantity of a security at a specified price (strike price) within a fixed period of time (expiration date). Outright Put buying has almost unlimited upside with limited downside. Securities mostly don’t go below […]
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CALL OPTIONS
The simple textbook definition is a buyer of a Call option has the right (but not the obligation) to buy a specified quantity of a security at a specified price (strike price) within a fixed period of time (expiration date). In theory, outright call buying has unlimited upside with limited downside. I say “unlimited in […]
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Canadian BoC Rate Decision N/A 4.75% vs. Exp. 4.50% (Prev. 4.50%) Decided to increase the policy interest rate, reflecting our view that monetary policy was not sufficiently restrictive to bring supply and demand back into balance and return inflation sustainably to the 2% target.
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US Treasury Secretary Yellen says she sees a path to bringing down inflation while maintaining strong labour market; continue to see economic progress over the next two years in bringing inflation down – CNBC interview
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Reuters Poll: 78 of 86 economists see Fed holding rates at 5.00-5.25% in June, whilst 8 see a 25bps hike 32 of 86 economists says Fed to hike rates at least once more in 2023: 8 in June and 24 in July.
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MORNING MINUTE JUNE 7th
A TYPICAL SUMMER MARKET AS EQUITIES DRIFT WITH NOT MUCH TO GUIDE THEM AS WE ALREADY AWAIT THE DECISIONS FROM THE CENTRAL BANKS NEXT WEEK AS TO WHAT THEY WILL DO WITH INTEREST RATES
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END OF DAY REPORT JUNE 6th
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
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MORNING MINUTE JUNE 6th
A QUIET START TO THE DAY WITH STOCKS COMING IN UNCHANGED AS WE AWAIT NEXT WEEKS DECISION FROM THE FED AS TO WHETHER WE WILL SEE ANOTHER HIKE IN RATES
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