Federal Reserve Governor Christopher Waller said in an interview with CNBC on Tuesday that a recent round of strong economic data has bought the Fed some time to decide more carefully whether it needs to raise interest rates further to control inflation. 'The biggest issue right now is inflation,' he said. 'But we've had a good run of economic data, and the key now is to see if the cooling is a trend or a blip.'
In addition, Waller said he doesn't think another rate hike would send the U.S. economy into recession, nor would it do much damage to the job market.
Michael Wilson, chief investment officer at Morgan Stanley, said U.S. investors have been too optimistic in the stock market and that this year's rally reflects their view of economic growth, which will be weaker than expected.
Wilson said that while it is common for investors to "swing back and forth" between a soft and a hard landing near the end of the Fed's rate hike cycle, some have questioned the possibility of a soft landing - an outcome that avoids a recession - and such expectations are becoming the prevailing assumption for the economy.
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Option buyer open position (Single leg)
Highlight order:
Buy TOP T/O: $NKE 20230915 115.0 PUT$ $GS 20231117 300.0 CALL$
Buy TOP Vol: $PBR 20231117 16.0 CALL$ $BAC 20231215 28.0 PUT$
$Petroleo Brasileiro SA Petrobras(PBR)$ According to reports, Saudi Arabia announced that it will extend the voluntary production cut of 1 million barrels per day by three months until the end of 2023, while saying that it will review the voluntary production cut decision on a monthly basis to consider further production cuts or increases. In addition, Russia also announced that it will extend its 300,000 BPD oil export cut until December.
Note: This image data is from Tiger PC. This screening is a significant buy open position for options contracts in the market. The purchase of a call option means that the trader believes that the underlying has upward momentum, and the purchase of a put option means that the trader believes that the underlying has downward momentum. These contract openings typically indicate significant activity in the underlying stock, including whether the trader is willing to accumulate a long or short option position.
Option seller open position (Single leg)
Highlight order:
Sell TOP T/O: $JNJ 20231117 175.0 CALL$ $DIS 20231020 80.0 CALL$
Sell TOP Vol: $SQ 20230915 54.0 PUT$ $JNJ 20231117 150.0 PUT$
$Johnson & Johnson(JNJ)$ said on Wednesday that its drug rybrevant and experimental drug lazertinib both met two main goals in late-stage studies to treat a type of lung cancer.
$Block(SQ)$ In August, Arkk reduced its stake in Tesla and reallocated capital in several fintech companies, including Block and Adyen. In terms of asset allocation, Block currently ranks No. 1 and Adyen No. 6.
Note: This image data is from Tiger PC. This screen is a significant sell open position for an option contract in the market. A sell of a call option means that the trader believes that the underlying trend has peaked, and a sell of a put option means that the trader believes that the underlying trend has bottomed. These contract openings typically indicate significant activity in the underlying stock, including whether the trader is willing to accumulate a long or short option position.
Options portfolio open position
Note: This image data is from Tiger PC. This screening is a significant portfolio of options contracts in the market. Portfolio opening includes a variety of underlying trends, requiring traders to further master the basic knowledge of options for analysis and judgment.
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