I trade what I see, not what I think. But sometimes I trade what I think, and not what I see goodnight and GL
Although the folks in DC always play politics - in this case in the attached with the debt ceiling - posting it is not political at all. Practical, as a heads-up, but not political so please no warning. (SEMAFOR) Liz Hoffman Fed Flying Blind Nathan Howard/File Photo/Reuters A government shutdown later this week would deprive the Federal Reserve of key economic data as it looks to navigate persistent inflation, cooling employment, and new tariffs, Semafor’s Eleanor Mueller reports from Washington. The Bureau of Labor Statistics, which tracks jobs and inflation numbers, will suspend the collection and release of all data if Congress can’t find a way to keep the lights on, according to its most recent contingency plan. The lapse would come at a delicate moment for the Federal Reserve, whose chair, Jay Powell, has repeatedly said it will be “guided by the data” as it decides whether to resume interest-rate cuts. A blackout long enough “would certainly contribute to market uncertainty” that has already shaved $4 trillion off global stocks, the Bipartisan Policy Center’s Andrew Lautz said: “Markets like data.” So do Fed officials, who have already complained that frequent revisions to employment and price data has left them flying blind. “We have to make decisions in real time,” Fed Gov. Christopher Waller said last year. The central bank is expected to keep rates steady at its meeting next week.
100 point directional move in two minutes. CPI tends to generate the most directional move of all pre-market reports lately.
A cooler CPI, good news with regards to Ukraine and definitely short-term oversold, so no disagreements there... Still don't 'trust' anything in this market.
Agreed. We're one tweet away from a 200 point meltdown (strictly technical comment) Edit: or this is just a short manufactured bounce to keep unloading on us the plebes.
I'm only 'guessing' with low/medium confidence, but I think the selling will continue. Usually, there's some retracement legs on the way down, though. Overall a market where it seems more important than ever to just stay flexible and loose.