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BlogsMORNING MINUTE EQUITIES, FUTURES & OPTIONS MAY 16th

Fed's Barkin (2024 voter) says he is very comfortable with a data-dependent approach, but not yet convinced inflation is on a steady path downward, according to Reuters Sees demand moderating but it may need to cool even more for inflation to come back to the Fed's 2% target. US labour market has moved from "red hot to hot", tough some secondary indicators point to some easing despite a low unemployment rate. Is withholding June meeting rates decision as there is still data to come, uncertainty around bank credit and the debt ceilingUS Retail Sales MM * (Apr) 0.4% vs. Exp. 0.8% (Prev. -0.6%, Rev. -0.7%)

Darren Krett

Tuesday, 16 May 2023

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US Retail Sales MM * (Apr) 0.4% vs. Exp. 0.8% (Prev. -0.6%, Rev. -0.7%) facebookUS Retail Sales MM * (Apr) 0.4% vs. Exp. 0.8% (Prev. -0.6%, Rev. -0.7%) twitterUS Retail Sales MM * (Apr) 0.4% vs. Exp. 0.8% (Prev. -0.6%, Rev. -0.7%) linkedin

MORNING MINUTE EQUITIES, FUTURES & OPTIONS MAY 16th

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morning report

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Morning everyone. Darren at Leviathan Financial you’re coming into Subdued Markets today. S&P unchanged treasury, slightly firmer. European stocks have gone back to unchanged as well as we wait a slew of numbers and fed speakers today, we’ve got retail sales should give a good indication as to the health of the economy.
We have, , Mester BArkin and Williams Goolsbee and then later on Bostik, all talking today. Uh, so that should be helpful. in giving us an indication of how the Fed are gonna move going forward and their mindset.
But we also have, president Biden talking to his counterparts today about the debt limit. So keep an eye on the news wires for anything that’ll come out of that. Once that’s sorted out, could open up, , more upsides to the stock market that is currently just sitting there waiting for , some guidance as to which way it’s gonna break out.
Will it be, uh, positive news and fling us to the upside? Or will this debt limit and credit crunch issues come back and cause problems? We shall have to wait and see. Uh, good luck trading everyone and have a good day.

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