NEWS ALERT
Crude Oil: `0.0 vs. -2.300 exp vs. -0.500 prev.
Distillates:+9.500 vs. +2.600 exp vs. 0.000 prev.
Gasoline: +6.900 vs. +2.300 exp vs. +3.000 prev.
Fed Chair Powell: Welcomes wage data, it doesn't raise inflation concerns; Always prepared to shift policy and shift it significantly if necessary - panel discussion
- Fed ready to shift policy quickly and flexibly; ready to use all of our tools - If we need to make changes that could include the balance sheet, as well
- Markets are pricing in downside risks and are well ahead of the data
- Fed will take downside risks into account as we make policy going forward - Financial markets have been sending signals on concerns about downside risks such as policy uncertainty and trade risks - Reiterates there is no preset path for policy
- We'll be patient and watch to see how economy evolves
And the New Congress Opens for Bidnes.
First thing they do:
WYDEN RE-INTRODUCES BILL REQUIRING TRUMP TO RELEASE TAX RETURNS
Mtl JP 16:23:28 GMT - 01/03/2019
As in any negotiation, he who opens mouth first: LOSES
jerome can NOT blink tomorrow else he LOSES
"a little bit of volatility, speaking in the abstract, doesn't probably leave mark on economy" - jerome just 2 weeks ago (ref link in my 20:08 GMT January 1, 2019)
NY JM 16:16:58 GMT - 01/03/2019
Fed will pause. See of Powell gives a signal tomorrow.
NY JM 16:16:58 GMT - 01/03/2019
Fed will pause. See if Powell gives a signal tomorrow.
Livingston nh 16:05:25 GMT - 01/03/2019
The mistake would be to pause before yields go above CPI - the economy is still growing (Q4 ISM avg was 57, lowest of the year) -- we need to move out of the Money Swamp
london red 15:32:52 GMT - 01/03/2019
whatever his thought process or how he got there it seems the trumpster is right, the fed has made a mistake! when will the first cut get priced in...
GVI Trader john 15:17:06 GMT - 01/03/2019
Weak data. See blue line below. This should be noticed at the Fed.
Fed's Kaplan (dove, non-voter): Favors taking no action the first few quarters in 2019; personal forecasts for GDP have come down a bit - financial press
- Markets reacting to global growth decelerating; US unlikely to be immune to China growth slowdown
- Fed should be patient and take stock of recent developments
- Financial conditions have tightened
- What the Fed does in 2019 will be more significant than what it did in 2018- The question of a rate cut have not
- Source TradeTheNews.com
GVI Trader john 09:31:11 GMT - 01/03/2019
Construction PMI December 2018
-- NEWS ALERT --
52.8 vs. 52.8 exp. vs. 53.4 prev.
All that is left now is demonstrable cooperation by Xi, over and above his "honey on the lips" platitudes.
The other thing to watch out for is IF President Trump is going to fall for Xi's b/s.
GVI23:00:46 GMT - 12/29/2018
(UK) Trade Secretary Fox says there is a 50/50 chance that the Brexit may be stopped if Parliament votes against the deal proposed by the govt - Sunday Times
**NOTE: the UK Parliament's "meaningful vote" on the Brexit deal proposal is expected in the week of Jan 14th. - Source TradeTheNews.com
GVI Trader john 19:48:46 GMT - 12/28/2018
DJ +158
10s 2.74%
GVI Trader john 18:07:06 GMT - 12/28/2018
Baker Hughes Rig Count
NEWS ALERT
U.S.
Total: 1083 vs. 1080 (+3) prev.
Oil: 885 vs. 883 (+2) prev.
Canada: 70 vs. 131 (-61) prev.
NEWS ALERT
Crude Oil: -0.500 vs. -2.900 exp vs. -0.500 prev.
Distillates: 0.00 vs. -1.200 exp vs. -4.200 prev.
Gasoline: +3.000 vs. +0.300 exp vs. +1.800 prev.
the little guys got out and the market will go up w/o them -- maybe the vaunted hedge funds can make some money
haifa ac 16:31:16 GMT - 12/26/2018
" Mutual fund outflows rose to $56B"
1. where do these 56 b go now?
2. what do they do if the market starts rallying--chase it back?
3. This outflow is from winning positions or losing ones?
GVI16:24:41 GMT - 12/26/2018
(US) Mutual fund outflows rose to $56B in week ended Dec 19th, biggest week of outflows since Oct 2008 - ICI - Source TradeTheNews.com
Mtl JP 15:42:31 GMT - 12/26/2018
weak regional...
is a shocking understatement
-
in the meantime the Presidential scream to BTFD appears to be falling of deaf ears as stocks are basically just wallowing
GVI15:23:20 GMT - 12/26/2018
White House Econ Adviser Hassett: Fed Chair Powell's job is not in jeopardy; Powell is 100% safe - Fox Business interview
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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