Mindblown: a blog about philosophy.
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Good news on the debt ceiling negotiations, which lent to a very risk on tone with the S&P rallying 1.25% and rates taking note of the hawkish sentiment from the Fed speakers to push higher to day too.
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US House Speaker McCarthy says a debt ceiling deal by Sunday is doable
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US House Democratic Leader Jeffries says House Democrats will file ‘discharge petition’ on raising debt limit in case necessary to avoid default
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US Building Permits: Number * (Apr) 1.416M vs. Exp. 1.437M (Prev. 1.43M, Rev. 1.437M)
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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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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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