Search results

08:51 (US) Fed's Bostic (non-voter, hawk): Fully supports 75bps hike at July meeting - CNBC interview - Tremendous momentum in the economy shows 75bps move won't mean protracted economic damage - On inflation by some estimates, things have not changed at all - I've had to adapt on where I...

Boomer investor move! https://www.bloomberg.com/news/articles/2022-07-07/should-i-buy-series-i-bonds-returns-are-high-with-inflation-surging?sref=9HT8lz40 Quite solid zero risk strategy, but $10k limit is lame.

My honest take is that markets have already priced in a 75bp July move. The wildcard is the Q2 earnings misses and revisions down. Suddenly we are potentially still in over-valued markets.

14:00 *(US) FOMC JUNE MEETING MINUTES: MANY FOMC MEMBERS SAW SIGNIFICANT RISK OF 'ENTRENCHED INFLATION'; 'EVEN MORE RESTRICTIVE' POLICY IS POSSIBLE IF ELEVATED INFLATION PERSISTS - Many concerned by long-run price expectations drifting up; Outlook calls for restrictive policy stance -...

Don't worry, they got this: 12:41 (UK) Business Min: We now have 2 coal plants available this winter and are in ongoing negotiations for a third

Atlanta Fed updated that based on ISM / construction data today. 10:00 *(US) JUN ISM MANUFACTURING: 53.0 V 54.5E (2-year low); PRICES PAID: 78.5 V 80.0E Sub Indices: - New Orders Index: 49.2 v 52.0e - Employment: 47.3 v 50.0e - Inventories: 56.0 v 55.9 prior - Backlog of Orders: 53.2 v...

Re Bobby Bonilla: That one is new to me. Good for him!

Full size SPXS, quick!

My sarcasm was lost in text...

Are we finally (officially) in recession? 11:53 (US) Atlanta Fed GDPNow: cuts Q2 GDP forecast from +0.3% to -1.0% - Source TradeTheNews

OPEC agreeing to some output hikes as well as a US weekly natural gas inventory data came in higher than expected.

Pick a side dude.. jeez. https://www.bloomberg.com/news/articles/2022-06-27/michael-burry-of-the-big-short-fame-warns-fed-may-alter-course?sref=9HT8lz40

https://www.bloomberg.com/news/articles/2022-06-24/meme-stock-probe-finds-robinhood-woes-were-worse-than-it-let-on?srnd=premium&sref=9HT8lz40

$3B buy side moc into the close.

nt

(US) Market Trading Hours Summary: Stock rebound finds further legs Summary:Global stocks tracked higher amid continued cooling in interest rate expectations and commodity prices. The final Univ of Michigan reading revised down the 5- to 10-year inflation expectations to 3.1% from 3.3% after...

Today's pop was due to the inflation data released with the Consumer Confidence reports. Ever so slightly lifted inflation expectations and we popped to the upside with volume on the release. I don't expect any of this to hold over the coming weeks. Q2 earnings misses / revised guides can take...

This is typically one of the more hawkish Feds: https://www.bloomberg.com/news/articles/2022-06-24/bullard-says-us-recession-unlikely-expansion-is-in-early-stage?srnd=premium&sref=9HT8lz40

Cruise Lines still struggling. 09:15 [CCL] Reports Q2 -$1.61 v -$1.13e, Rev $2.40B v $2.84Be; Booking volumes for second half sailings, since the beginning of April, have been higher than 2019 levels - Cuts Q3 Net 'loss' (prior: 'profit'), Guides Adj EBITDA 'positive' - Affirms FY22 Net...

Still think the best NFT analogy I have heard is the wife banging the neighbors. Your marriage certificate is your NFT (ownership for lack of better term), but anyone can freely use your wife. You sit with your marriage certificate in hand while your wife is out having an orgy with anyone who...

Remember Nikola drama? It doesn't end. 14:34 $NKLA US officials in NY file superseding indictment against founder Trevor Milton, adding a new wire fraud charge - press

All 3 indicies green on the day. Clown world.

Yikes. Bitcoin just tapped 18.7k

Well, that didn't take long. Just the beginning. https://www.bloomberg.com/news/articles/2022-06-17/will-home-prices-fall-builders-offer-discounts-as-mortgage-rates-rise?srnd=premium&sref=9HT8lz40

Quoting myself, relevant link: https://www.bloomberg.com/opinion/articles/2022-06-17/post-lehman-recovery-makes-contrarian-case-for-buying-stocks?srnd=premium&sref=9HT8lz40

Banks do better in higher rate environments, however .. consumer confidence in the toilet and a looming recession? Yea, not so great. Keep in mind with the PE picture, these PEs are still kind of lofty on Earnings expectations coming out the covid run. As soon as these companies (not JPM...

08:42 [TSLA] Said to have laid off more employees, including hourly ones - Electrek

We currently have both Powell and Putin speaking. Today is a quad witching Friday going into a 3 day weekend. Don't try to be a hero today.

https://www.bloomberg.com/news/articles/2022-06-17/crypto-traders-turn-against-each-other-in-a-collapsing-market?srnd=premium&sref=9HT8lz40 With profits scarce, attacks on trading positions can pay off One trader gets liquidated, another gets a liquidation fee

Asking how to short a stock right when we have ripped >20% off the peak is the equivalent of buying high / selling low. You're trying to sell the low. Sure we can have more downside, but this thesis of being negative on the market should have started months ago. Same shit in the bull market /...

NYSE 90.8% decliners. Also, Dow <30k

14:38 *(US) FED CHAIR POWELL: DOES NOT EXPECT 75BPS HIKES TO BE COMMON; EITHER 50BPS or 75BPS RAISE SEEMS MOST LIKELY AT NEXT MEETING - POST RATE DECISION COMMENTS: - Next meeting could well be decision between 50bps and 75bps; Would take us to a more normal range and then we'd have...

14:31 (US) Fed Chair Powell: We have resolve on price stability; We are moving expeditiously on rates - post rate decision prepared remarks - It is essential we bring inflation down; That will help labor; We continue to see risks on inflation front to the upside - Inflation has surprised to...

**ECONOMIC FORECAST (central tendency): GDP: - Cuts 2022 GDP 1.5-1.9% (prior 2.5-3.0%) - Cuts 2023 GDP 1.3-2.0% (prior 2.1-2.5%) - Cuts midpoint 2024 GDP 1.5-2.0% (prior 1.8-2.0%) - Affirms longer run GDP 1.8-2.0% (prior 1.8-2.0%)

Apparently @Mist doesnt read anything on this thread and just shitposts.

14:00 *(US) FOMC RAISES TARGET RANGE BY 75BPS TO 1.50-1.75% (AS SPECULATED); BALANCE SHEET REDUCTION TO PROCEED AT ANNOUNCED PACE; SEES ONGOING RATE HIKES TO BE APPROPRIATE - IOER raised by 75bps to 1.65% - Vote was 10-1; George dissented, wanted 50bps raise - Projections show Fed expects to...

- Raises Median forecast for end-2022 rate 3.375% (prior 1.875%) - Raises Median forecast for end-2023 rate 3.75% (prior 2.75%) - Raises Median forecast for end-2024 rate 3.375% (prior 2.75%) - Raises Median forecast for Long Run rate 2.50% (prior 2.375%)

fake? nothing on their twitter

Fed t-minus 3 minutes.