The fed would most likely go for 75 bps because the economy is still "strong" but there are signs of "weakness" in their eyes.. For me.. if they are serious about tackling inflation.. the interest rate has to match inflation.. and they are still a long way off..The question to ask is.. with the US govt debt level at such insane level.. how much higher can they raise interest rate before the entire economy collapse and US govt declare bankruptis anyone guess..
Looks like another rally before the announcement by the fed at the end of the month on ratehikes.. market supposingly has already priced in 75 basis points and is believed that the CPI that would be announced tomorrow will drop.. prompting the fed to drop rates soon..However.. the feds have indicated that they will not stop until inflation drops significantly or until something critical breaks in the economyand the macro factors have not change much.. supply chain is still tight.. china rolling lockdowns are still continuing.. the ukraine war is not showing any signs of stopping.. and the continuing tension between US and China is not helping.. In any case.. trade with caution.. this period will be choppy and market should be moving sideways until a clearer direction from th
$Devon(DVN)$Oil companies are booming.. Dividends of $1.55 per share exercising on 9 Sept.. That is like 2.2% of its share price.. with quarterly dividends exercise.. this year alone.. dividends have been increasing from 0.84 to 1.55 per share [Wow] [Miser]
$BABA 20220916 125.0 CALL$Sian.. always after i sell.. the price went up and the premium shoot up.. i should be more greedy next time.. wait for higher premium before accepting the contract [LOL] [Sly]