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END OF DAY REPORT JUNT 5thEND OF DAY REPORT JUNE 6th

Darren Krett

Tuesday, 6 June 2023

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MORNING MINUTE JUNE 6th

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morning report

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Morning everyone. Darren at Leviathan Financial. A very sideways, , start to the day for you. European stocks are pretty much unchanged. S and p futures are gonna come in unchanged, , with volatility, , slightly softer across the board as we wait. The decision from the Fed next week, uh, the odds are around 30% that they will hike this meeting, but, 75% in excess of that, they will hike either this meeting or the next meeting, , finishing off the terminal rate between, , five and quarter and five and a half.
But we’ll have to wait and see, , the numbers that will come out between now and the meeting. We have c p i beginning of next week. That will obviously be an important help to what, the Fed decides to do. But as far as today goes, no numbers out. , so expect a typically summary quiet session [00:01:00] as people place bets as to what the Fed will do next week and whether or not this stock market rally is sustainable or if it’s just a bear market trap.
Something we will be talking about in the coming days. Well, good luck everyone trading and have a great.

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