TG If you are trading off some fundamental such as “not until the shooting starts from Iran” ….
Biden: Iran expected to push off attacking Israel if Gaza ceasefire deal clinched – timesofisrael
Iran officials suggest planned retaliation may be scrapped if Gaza ceasefire reached – timesofisrael
You just may have to wait some … and ignore David Ignatius in WaPO claim that “America anxiously awaits Iran’s threatened reprisal”
I won’t take any “risk on” positions such as buying Eu until the shooting starts from Iran. After the initial selling off and the US/Britain start firing back then ok. Until then it will be trailing sell stop orders in EurUsd, EurJpy, and UsdChf and perhaps EurChf.
If the Islamic terrorists that Msnbc are so proud of actually do enough damage the USS Abraham Lincoln Carrier Strike Group will end that 3,000 year war in a week.
Fed’s Bostic Says
More Data Needed, Rate Cut Likely by Year-End
Rate Cuts Are ‘Coming’—But He Needs More Data to Be Sure
a ‘little more data’ needed to support cutting rates
my translation of Bostic’s ‘says’:
*don’t get too hot under the collar you sons and daughters of mothers without a known father
Check out leisman:
AI PCs accounted for 14% of all personal computers shipped in the second quarter with Apple leading the way – Reuters.
Here is a simple window into how far AI has to go until it can rival the human mind in trading. The section “Popular In Your Area” in a particular and massively visited site has the headlines “Ukrainian Forces Describe Rapid Offensive,” and “This Financial Firm’s Stock Dropped 50% Monday and Here is Why.”
I don’t live in Ukraine and I’m pretty sure that financial firm has offices on multiple continents, not just “near you.”
Its coming along though. Just a tool Quants are developing for now. Another 3 years or so.
US PPI softer than forecasts…
Yields down…dollar down…stocks up
I remember whebn PPI was largely ignored… not the case nowadays
See our Economic Calendar
Overnite Japanese stock players went nuts and it looks like carry trades are hot hot hot again ( tralalalaaah)
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August 13, 2024
pundits to the right of me, pundits to the left of me
if I only had a roc …
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08:30 – PPI (ahead of Wednesday’s CPI)
– Expectation : +0.2% plus a few other metrics
– Players are want oh so badly to see data to be increasing FED’s “confidence” about inflation rate’s trajectory
– ATM players are pricing a sept cut but 50%-er is currently an outlier.
– Pretty well all market components appear discombobulated: DLRx up tiny bit, bonds narrow ditto stocks
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VIX 20.50 screams volatility, tension, anxiety (all good things in my optique)
DLRx 102.95 looks softish atm
Sup 102.90; Res 103.50
13:15 – bostic yaks – on economy
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