Darren Krett
Tuesday 2 May 2023
Darren Krett
Wednesday 3 May 2023
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morning report
Morning everyone. Darren at Leviathan Financial. Today is the day, the fed rate decision, , looking like we’re gonna definitely do 25 basis points, but the focus will be on what the language is after the meeting. On the one hand, you have the Fed wanting to fight inflation and their rhetoric saying that they’re gonna be strong in this and keep rates higher for longer.
And on the other hand, a potential debt. Limit crisis and a potential banking crisis. However, for now, the S&P is , rallying up four points and the European gauges up 0.4%. Bouncing from the S&P’s rally, , at the end of yesterday. , still pricing in cuts towards the end of the year, so we’re gonna have to see, if that pans out.
ADP Employment & ISM Services today. Followed by, 2:00 PM Eastern the Fed. So good luck to everyone and have a good day. trading
Darren Krett
Tuesday 2 May 2023
Darren Krett
Wednesday 26 April 2023