Stocks await the NFP report, MEME stocks under pressure, Oil is now $69.10
Markets continue to churn and wait. Tech under pressure again – is that telling us anything? Fed remains divided on the next move – Will today’s NFP c
Source: fxstreet.com
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Quarles adds to the Fed confusion, drama on Capitol Hill
5/27/2021 11:03:13 AM GMT More FedSpeak leaving investors confused – Quarles the latest. Drama on Capitol Hill as Lizzy goes after Jamie. More testimony today by the big banks about how they handled covid. Bitcoin, Ethereum, Oil, Treasuries, Gold, VIX all quiet. Try the Short Rib Burgers – So delicious. FED Vice Chair – Randy Quarles was on the wire at 3 pm – speaking at the Brookings Institution…. “If my expectations about economic growth, employment, and inflation over the coming months are borne out, it will become important for the FOMC to begin discussing our plans to adjust ...
Source: fxstreet.com
Inflation is a non-event – Capisce?
5/25/2021 11:09:19 AM GMT Inflation remains transitory – investors take the markets higher. Lonnie Musk Tweets about renewable energy sources for cyrptos causing them to surge in the afternoon.. Oil – rallies another 3.5% taking it up and thru $66/barrel – an 8% move in 3 days. US futures edge higher as the S&P is just 1% below all time highs. Try the Pasta Limone (Lemon Sauce – delish). Good morning – US stocks rallied yesterday, while the 10 yr. treasury yield fell to 1.58%.....….Tech +1.8%, communications +1.85% and the ‘disruptor growth’ names +2.7%, leading us higher ...
Source: fxstreet.com