Mindblown: a blog about philosophy.
-
MORNING REPORT MAY 24th EQUITIES, FUTURES & OPTIONS
European stock indices are slumping 1.6% as sentiment remains at the mercy of the US debt ceiling impasse. Signs of progress on raising the debt limit before the June 1 deadline are not looking great. Overall, updates via journalists this morning are skewed to the downside on a near-term agreement. S&P futures are down about…
-
END OF DAY REPORT EQUITIES, FUTURES & OPTIONS MAY 23rd
A busy, but totally unproductive day on Capital Hill, that combined with a call for retaliatory measures against China sent stock lower
-
US S&P Global Composite Flash PMI (May) 54.5 (Prev. 53.4)
-
US New Home Sales-Units * (Apr) 0.683M vs. Exp. 0.665M (Prev. 0.683M, Rev. 0.656M)
-
Fed’s Logan (voter, hawk) says speed of transactions has highlighted need to manage liquidity risks; every bank should be ready to borrow from the Fed
-
US Treasury asks US agencies if payments can be made at a later date as deadline nears; internal memo shows Treasury putting agencies on alert, according to Washington Post
-
Republican Debt Ceiling Negotiator Graves says republicans and the White House are still far apart on a debt ceiling deal after Monday night talks
-
Fed’s Kashkari (voter) says need to get more data about the economy; possible mild recession would bring inflation down If inflation stays high, may need to keep rates higher.
-
MORNING MINUTE EQUITIES, FUTURES & OTPIONS MAY 23rd
Will we mint a trillion dollar coin, invoke the 14th amendment or will they come to some mutually agreeable solution that will only kick the can down the road? Either way, investors still think that there is no way we would ever default…..
-
END OF DAY REPORT EQUITIES, FUTURES & OPTIONS MAY 22nd
very quiet rangebound session as we await news from the debt ceiling negotiations for some direction
Got any book recommendations?