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LearningMORNING MINUTE JUNE 8th

PUT RATIO SPREAD 1x2Redfin (RDFN) May median US asking rent -0.6% Y/Y (prev. +0.3%) to USD 1,995 "the largest annual decline since March 2020... as a building boom increased supply and economic uncertainty cooled demand"; but M/M +1.4% (prev. +1.4% M/M in April)

Darren Krett

Friday 9 June 2023

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Redfin (RDFN) May median US asking rent -0.6% Y/Y (prev. +0.3%) to USD 1,995 "the largest annual decline since March 2020... as a building boom increased supply and economic uncertainty cooled demand"; but M/M +1.4% (prev. +1.4% M/M in April) facebookRedfin (RDFN) May median US asking rent -0.6% Y/Y (prev. +0.3%) to USD 1,995 "the largest annual decline since March 2020... as a building boom increased supply and economic uncertainty cooled demand"; but M/M +1.4% (prev. +1.4% M/M in April) twitterRedfin (RDFN) May median US asking rent -0.6% Y/Y (prev. +0.3%) to USD 1,995 "the largest annual decline since March 2020... as a building boom increased supply and economic uncertainty cooled demand"; but M/M +1.4% (prev. +1.4% M/M in April) linkedin

MORNING MINUTE JUNE 8th

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morning report

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Morning everyone, Darren at Leviathan Financial, not much to say today. , market participants are wary ahead of the Fed meeting next week. Uncertainty is something that they always shy from and we are uncertain as to whether or not they are going to raise rates next week. , although we are pricing in a 90% chance that they will. Raise rates after the July meeting for next week. It’s a little bit less. Sure. And I think we’re seeing it just over 50%. Whether or not they actually do it next week or skip as they said and do it for the meeting after, , the, nothing much outta Europe , other than the news yesterday that the, with the economic data revisions, that in fact the Eurozone had fallen into recession the first quarter of. This year. So this is something now that will make the ECB think about how their aggressive, , hiking policy as well and may also influence what the Fed do next week. , no numbers today, so it is just gonna be a case of keep an eye on the markets if news comes out. Otherwise, uh, happy Friday. Have a great weekend and good luck trading everyone as always.

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