markets


Powell Admits The Biden Admin Is "Overstating" Jobs

teaser image
teaser image

"not sure I've ever seen the chairman of the Federal Reserve publicly accuse the White House of cooking the books on employment numbers, but here we are" - Edward Snowden


US stocks gained on softer CPI data but with further upside capped on hawkish Fed dot plots - Newsquawk Asia-Pac Market Open

teaser image
teaser image
Fed kept rates unchanged and lifted its dot plot projections in which the median view was for one cut this year vs prev. median view of three cuts, while Powell noted they do not have the confidence right now that would warrant loosening policy.

Pensive Powell & Hawkish 'Dots' Spoil Markets' Soft-CPI Party

teaser image
teaser image

...even Powell couldn't keep the soft CPI dream alive.


Three Philly Coffee Shops Forced To Close After Unionization Attempts Result In "Staggering" Costs

teaser image
teaser image

Turns out trying to extort the person paying your salary isn't the best way to go about making sure a business is successful.


Goldman Exposes Bidenomics Real-World Disconnect: Low-Income Americans Are Struggling With High Prices

teaser image
teaser image

...a tale of two Americas.


teaser image
teaser image
Cool US CPI; Fed median dot only sees 1 2024 rate cut; Powell sticks to script, stressing Fed needs more confidence; Surprise EIA crude build; Heightened geopolitical tensions; Bullish ORCL AI commentary; Mixed China inflation data

FOMC Holds Rates As Expected, Dot-Plot Shifts More Hawkish In 2024

teaser image
teaser image

...to just one cut in 2024.


Watch Live: Fed Chair Powell Explain Why Cutting Rates Ahead Of The Election Is Not Political

teaser image
teaser image

The market is pricing a 78% chance of a first cut in September...


Elliott Management May Force Southwest To Abandon 'Bags Fly Free' Policy

teaser image
teaser image

"Elliott appears to have a different view, noting in a website presentation..." 


Golf And Investing: Mastering Long And Short Games For Success

teaser image
teaser image

Even if you have an outstanding macroeconomic outlook, ignoring the short game, like being a lousy putter in golf, virtually ensures a bogey or worse on your investment performance...


Goldman Flows Guru Says "Keep A Market Melt-Up On Your Bingo Card" For July, But...

teaser image
teaser image

Since 1928, July 17th has marked the local top for the month heading into a materially lower August...


Wall Street Reacts To Today's Dovish CPI Shocker: "Down And Out"

teaser image
teaser image

“This was good news but it is one piece of news. June is a no-go. We have felt July the same. Again today is a good print for restrictive rates working to quell inflation, so September is a possibility.”


Consumer Prices Hold At Record Highs - Up 20% Since Biden Elected

teaser image
teaser image

...but Core CPI fell to its lowest since April 2021...


Futures Set For New Record High Ahead Of CPI, Fed Double Header

teaser image
teaser image

“Today is a big day in terms of economic data and Fed announcement. It could determine the global market mood for the rest of the month, and a good part of summer.”


CPI Preview: "Optimism For A Low Print"

teaser image
teaser image

"The combination of this print with a neutral/dovish Powell press conference means that we would buy any dip created by this event"


Dollar Downside Bias Ahead Of CPI And Dot-Plot

teaser image
teaser image

Traders love to price for interest rate cuts...


Price action tentative ahead of today's key US CPI & FOMC announcement - Newsquawk US Market Open

teaser image
teaser image
  • European bourses are modestly firmer, trimming this week’s recent losses; price action tentative ahead of today’s US CPI and FOMC
  • DXY is flat, G10s modestly gain vs the Dollar though the JPY dips slightly
  • USTs are flat and at highs, Bunds/Gilts both move higher with the latter also factoring in the in-line GDP metrics, with focus on the soft Construction figures
  • Crude is at highs amid ongoing geopolitical escalations, XAU flat while base metals trim recent losses; complex unreactive to mixed Chines

teaser image
teaser image
APAC stocks were mostly subdued after the mixed handover from US peers as markets braced for the incoming US CPI data and the FOMC announcement.

China's Real Estate Crisis: A New Experiment In State Intervention

teaser image
teaser image

With China’s real estate stocks down 20% since May can the CCP, in all its centralized power, prevent a full meltdown?


Peso Tumbles Further After Leftist President-Elect Sheinbaum Confirms Drastic Reform

teaser image
teaser image

And Mexican President López Obrador already has supermajority to fast-track judicial overhaul before stepping down Oct.1...