forums

Off-Topic Stock Market & Crypto Discussion

Advertisement
mr.h said:
Fed Rate decision @2:00PM….25 expected, and I don’t know why. We are at 3% inflation, down from 9%.
Click to expand...
If it feels hawkish now, and the market detects it’s the final one, I see a buying spree in a month.
 
TheEye said:
If it feels hawkish now, and the market detects it’s the final one, I see a buying spree in a month.
Click to expand...
I agree.. the Fed speak is important..Highest level since 2001. Inflation will definitely drop again in July.
 
Advertisement
CNBC Rick Santelli who is an expert on bonds and is very conservative said this is the last hike. Of course Powell is getting ready to Fuq it up for everybody.
 
mr.h said:
CNBC Rick Santelli who is an expert on bonds and is very conservative said this is the last hike. Of course Powell is getting ready to Fuq it up for everybody.
Click to expand...
Give the man credit. People said this about him a year ago and the economy is still kicking.
 
Advertisement
A lot of numbers to digest..

08:30		USDContinuing Jobless Claims(Jul 14)1.69M-2.821.75M1.749M
08:30USDCore Personal Consumption Expenditures (QoQ)(Q2) PREL 3.8% -1.254%4.9%
08:30USDDurable Goods Orders(Jun)4.7% 2.131%1.8%
08:30USDDurable Goods Orders ex Defense(Jun)6.2% 1.980%3.2%
08:30USDDurable Goods Orders ex Transportation(Jun)0.6% 1.600%0.7%
08:30USDGoods Trade Balance(Jun) PREL $-87.8B0.78$-91.8B$-91.3B
08:30USDGross Domestic Product Annualized(Q2) PREL 2.4% 1.151.8%2%
08:30USDGross Domestic Product Price Index(Q2) PREL 2.6% -2.323%4.1%
08:30USDInitial Jobless Claims(Jul 21)221K-1.23235K228K
08:30USDInitial Jobless Claims 4-week average(Jul 21)233.75K--237.5K
08:30USDNondefense Capital Goods Orders ex Aircraft(Jun)0.2% 0.41-0.1%0.5%
08:30USDPersonal Consumption Expenditures Prices (QoQ)(Q2) PREL 2.6% --4.1%
08:30USDWholesale Inventories(Jun) PREL -0.3% 0-0.3%0%
Durable goods popped
consumption dropped
still strong jobs… jobless claims down. Continuing claims dropped
Real Q2 GDP up
 
Dow looking to break the winning streak. Too bad. Would have been a major first.
 
USDCore Personal Consumption Expenditures - Price Index (MoM)(Jun)0.2% 00.2%0.3%
08:30USDCore Personal Consumption Expenditures - Price Index (YoY)(Jun)4.1% -0.554.2%4.6%
08:30USDEmployment Cost Index(Q2)1% -0.751.1%1.2%
08:30USDPersonal Consumption Expenditures - Price Index (MoM)(Jun)0.2% 1.55-0.1%0.1%
08:30USDPersonal Consumption Expenditures - Price Index (YoY)(Jun)3% -0.193.1%3.8%
08:30USDPersonal Income (MoM)(Jun)0.3% -0.5%0.5%
08:30USDPersonal Spending(Jun)0.5% 0.400.4%0.1%

personal consumption down
personal income down
Employment cost yoy down
Consumer spending down
overall lower inflation numbers, heading in the right direction.
 
Advertisement
mr.h said:
you must be walking around the office with Hundred dollar 💵 bills hanging out of your pocket.
Click to expand...
IMG_2849.gif


I’m not sure but I think my walk-in to work might have gave it away.
 
Advertisement
Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills.,,,smh
 
Advertisement
Back
Top