Mindblown: a blog about philosophy.
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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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END OF DAY REPORT EQUITIES, FUTURES & OPTIONS MAY 15th
Banks had a very strong day but caution remains in the market as we wait in hope that the politicians on Capital Hill can figure out a compromise in the debt ceiling debacle.
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US NY Fed Manufacturing (May) -31.8 vs. Exp. -3.75 (Prev. 10.8)
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DAY TRADE IDEAS MAY 15TH
Emini SP 500, Nasdaq, Emini Dow Jones 14 May, 2023 Emini S&P June remains trapped in a frustrating, volatile, trendless sideways pattern, holding a range of just 60 points last week. Frustrating but I just cannot find opportunities in these conditions. I am watching to see if a head & shoulders forms on the short…
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MORNING MINUTE EQUITIES, FUTURES & OPTIONS MAY 15th
A positive start to the week although we are gearing up for a move, will it be up or down? We are going to have to traverse debt limit, inflation & rate issues before we find out
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END OF DAY REPORT EQUITIES, FUTURES & OPTIONS MAY 12th
Debt ceiling concerns as 1 month Treasury yields break 5.50% & with wild swings in short-term Treasury yields it could further destabilize banks, the longer it takes to reach a debt-limit deal.
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US U Mich Sentiment Prelim (May) 57.7 vs. Exp. 63.0 (Prev. 63.5)
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