Mindblown: a blog about philosophy.
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ARE OPTIONS JUST GAMBLING
Well it can be….Ask yourself, are you trading options for the buzz? Do you have some kind on analytics system? Are you trading because your buddies are doing it? For those of you punting around in single day expiration options, it most definitely is gambling. Short term signals do work and you can take advantage…
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ECB’s Lane says not seeing wage-price spiral, “it’s more like an inverse spiral”; wages inevitability need to catch up and that will slow disinflation
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MORNING MINUTE JUNE 23rd
WEAK PMI NUMBERS HAS SENT THE STOCK MARKETS IN RETREAT AS A COMBINATION OF A RECESSIONARY NUMBER IN THE FACE ON EVEN HIGHER RATES ARE MAKING INVESTORS SLIGHTLY NERVOUS
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ECB’s Nagel says tight labour market could result in persistent inflationary pressures; rates have not peaked and eventual peak must be held for an extended period
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BoE raises its Bank Rate by 50bps to 5.00% (vs exp. 25bps hike); HIKE VOTE SPLIT: 7-2 for a hike (7 hike, 2 unchanged); MAGNITUDE VOTE SPLIT: 7-2 (7 for 50bps, 2 for unchanged); Dinghra and outgoing member Tenreyro voted for unchanged
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MORNING MINUTE JUNE 22nd
SNB followed by the Bank of England both raised their borrowing rates today and with Fed chairman Powell’s testimony, indicating a further 2 more hikes from the FED by year end, investors are on the backfoot this morning
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Fed Vice Chair nominee Jefferson (voter, dovish) says recent bank troubles represent downside economic risk, watching commercial real estate (CRE) for risks
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Fed Chair Powell says there is an expectation that the ratio of job openings to unemployed people will come down; says that’s a way for labor market to become less tight without having unemployment rise
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MORNING MINUTE JUNE 21st
NOTHING GOING FOR THE SUMMER SOLSTICE AS ALL WE HAVE TO LOOK FORWARD TO IS FED CHAIRMAN POWELL’S SPEECH TO THE HOUSE LATER TODAY
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END OF DAY REPORT JUNE 20th
well, that was fun…stocks softer as investors await comments from Powell to congress tomorrow
Got any book recommendations?