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Off-Topic Stock Market & Crypto Discussion

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9:30 AM
USD Continuing Jobless Claims (Oct 25) TRADE NOW
1.892M 0.49 1.88M 1.853M
9:30 AM
USD Initial Jobless Claims (Nov 1)
221K 0.00 221K 218K
9:30 AM
USD Initial Jobless Claims 4-week average (Nov 1)
227.25K - - 237K
9:30 AM
USD Nonfarm Productivity (Q3) PREL TRADE NOW
2.2% -0.28 2.3% 2.1%

Continuing jobless claims down
Initial Jobless Claims as expected
Non-farm productivity lower than expected
Fed interest rate decision @ 3:00…I’m guessing 25bp cut with at least one more cut, maybe two.
 
The Federal Reserve cut interest rates by a quarter percentage point, avoiding any surprises just days after the election of Donald Trump as president.

The central bank voted unanimously Thursday to cut its benchmark rate by 25 basis points to a new range of 4.5%-4.75%, making the decision at the conclusion of its two-day policy meeting in Washington, D.C.
 
You guys still buying for longterm hold right now with how high everything is? sold some stocks I needed out of but can't bring myself to buy at the moment...

PLTR is flying if anyone is still in.
 
mr.h said:
The Federal Reserve cut interest rates by a quarter percentage point, avoiding any surprises just days after the election of Donald Trump as president.

The central bank voted unanimously Thursday to cut its benchmark rate by 25 basis points to a new range of 4.5%-4.75%, making the decision at the conclusion of its two-day policy meeting in Washington, D.C.
Click to expand...

Bond markets are laughing at these cuts. They expect inflation to come back soon.
 
11:00 AM
USD Michigan Consumer Sentiment Index (Nov) PREL
73 1.67 71 70.5
11:00 AM
USD UoM 5-year Consumer Inflation Expectation (Nov) PREL
3.1% - - 3%

Consumer sentiment up
 
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90scane said:
please finish your sentence
Click to expand...
I’m guessing he means GDP growth instead of inflation. Truthfully, we need any new tax cuts to be paid for by spending cuts, otherwise more inflation will follow.
 
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It’s coming. 80 billion in short money.

Trump pinned this to his profile. FAFO.

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Inflation reports this week….
I expect inflation to have risen fractionally. Nothing goes straight up or down.
I’m hoping Trump’s economic policies energize the stock market with deregulation and tax cuts….We’ll see.
 
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