Mindblown: a blog about philosophy.
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MORNING MINUTE MAY 26th EQUITIES, FUTURES & OPTIONS
LOOKS LIKE A DEAL ON THE DEBT CEILING ID FORTHCOMING, STOCKS HAPPILY REACHING HIGHER AS WE AWAIT MORE INFLATION DATA WITH THE PCE INDICATOR AS WE TURN OUR ATTENTION TO WHETHER THE FED WILL RAISE RATES AGAIN
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END OF DAY REPORT MAY 25th EQUITIES, FUTURES & OPTIONS
Debt ceiling deals trump interest rate hikes! Stocks and everything else breathes a huge sigh of relief that a deal seems to be forthcoming even in the face of more hawkish Fed speak
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White House and Republican debt limit proposals differ now by less than USD 70bln on discretionary spending, according to Reuters sources; contours of US debt limit deal take shape and focused primarily on top-line number Negotiators likely to agree on slimmed-down agreement with just a few key numbers. Sources add, what is likely to emerge will not be a hundreds-page long bill, something that could take lawmakers days to write, read and vote on, but a slimmed-down agreement with a few key numbers. Expectations is negotiators will hammer out top line numbers for discretionary spending, including a number for military spending, but leave lawmakers to dial down finer details.
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Fox’s Pergram’s tweets “The sides are inching closer in the debt ceiling talks. One source familiar with the negotiations would not rule out the possibility of getting an agreement today.” A senior House GOP source told Fox “We still have some things to resolve. We have to see if it’s final, final.”
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US GOP McCaul says it is getting close to a debt deal and it’s down to details now
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DAY TRADE IDEAS MAY 25th
Emini SP 500, Nasdaq, Emini Dow Jones 25 May, 2023 Today’s Analysis. Emini S&P June broke support at 4170/60 to hit the next target & support at 4120/10. A low for the day exactly here & a 40 point bounce gave us a nice profit, with a high just 3 points below 4170/60. So if…
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MORNING MINUTE MAY 25th EQUITIES, FUTURES & OPTIONS
NVIDIA helping the markets this morning after stellar numbers yesterday, confidence that a resolution in the debt ceiling is forthcoming but with Germany sinking into recession will we be soon to follow
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END OF DAY REPORT MAY 24th EQUITIES, FUTURES & OPTIONS
all about the debt ceiling negotiations, although the FED seem inclined to want to raise rates further if they eventually do come to an agreement
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Republican negotiators leave the White House after around a 4-hour meeting, according to CNN
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Fed’s Waller (voter) says whether Fed should hike or skip at the June meeting will depend on how the data comes in over the next three weeks; watching labour market data, particularly wages information, and additional inflation numbers in that time
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