Mindblown: a blog about philosophy.
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US Housing Starts Number * (Apr) 1.401M vs. Exp. 1.4M (Prev. 1.42M, Rev. 1.371M)
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DAY TRADE IDEAS MAY 17th
Emini SP 500, Nasdaq, Emini Dow Jones 17 May, 2023 Emini S&P June remains trapped in a frustrating, volatile, trendless sideways pattern, holding a range of just 60 points last week & only 36 points so far this week. Frustrating but I just cannot find opportunities in these conditions. I am watching to see if […]
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MORNING MINUTE EQUITIES, FUTURES & OPTIONS MAY 17th
LIGHT ON OVERNIGHT NEWS AS WE SIT TIGHT AND AWAIT THE CONCLUSION OF THE DEBT CEILING DEBACLE
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END OF DAY REPORT MAY 16th
Markets were down after hawkish tones from the Fed speakers today while debt limit meeting was productive the two sides are still far apart
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Fed’s Williams (voter) says economy facing unacceptably high inflation; economy starting to get back to more normal patterns
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Fed’s Barkin (2024 voter) says demand is cooling but not yet cold
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Fed’s Mester (2024 voter) says she would like the policy rate to get to a point where it could equally be a potential increase or decrease, does not put it in terms of a pause, but in terms of a hold, but does not think we are at that hold rate yet
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US Retail Sales MM * (Apr) 0.4% vs. Exp. 0.8% (Prev. -0.6%, Rev. -0.7%)
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MORNING MINUTE EQUITIES, FUTURES & OPTIONS MAY 16th
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
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Fed’s Barkin (2024 voter) says he is very comfortable with a data-dependent approach, but not yet convinced inflation is on a steady path downward, according to Reuters Sees demand moderating but it may need to cool even more for inflation to come back to the Fed’s 2% target. US labour market has moved from “red hot to hot”, tough some secondary indicators point to some easing despite a low unemployment rate. Is withholding June meeting rates decision as there is still data to come, uncertainty around bank credit and the debt ceiling
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