A 2-second take on #FOMC minutes: the Fed is worried about lags. It wants to back off in case it radically overtightens.Looks like markets are seeing an opening to take on risk here and running at it. $S&P 500(.SPX)$$NASDAQ(.IXIC)$
Hello everyone! Today I want to share views about macro economy with you.Throwing this chart into the inflation debate.Australian inflation versus capacity utilisation.Perhaps adds weight to the argument of excess demand in the economy. $($aud)$ auspol'Unemployment rate falls to 3.4%' $S&P/ASX 200(XJO.AU)$- Participation rate 66.5% (Est. 66.6%)- Employment +32.2k (Est. 15k)- FT Employment 47.1k$($aud)$ has diverged from the 2-year yield spread. Let's call it "China hopes". What happens next?Follow me to learn more about analysis!!
Here's my take on the #FTX situation, cryptocurrencies, and #Bitcoin. The instability in cryptos shows the important function of central banks in any good monetary and financial system. KYLE'S VIEWFor those who aren't aware, I'm not an advocate for central banks. Our over reliance onmonetary policy for decades has manifested in gross inequalities, economic inefficiencies.and political and social instability.Central banks, sometimes because of a failure of government, sometimes because of economic circumstances, sometimes because of academic overeach, have done too muchand arguably caused more harm than good.One thing that central bank' have often done well, though - and gives reason to their existence - is act as a lender of last resort andensure efficient mar
Turmoil in crypto land. It's as if there needs to be some kind of institution to protect the market from bank runs and maintain financial stability. #Bitcoin #FTX$Bitcoin Group SE(BTGGF)$
Your morning market bite. Fed hikes by 75, suggests rates could go higher and be there for longer.Stocks: Wall Street fell after Chair Powells press conference.The market had initially railed upon the release of the Fed's decision. However, "higher for longer" language saw stocks take a tumble. The S&P500 finished the day down by 2.5%, with all sectors lower. Tech underperformed with the NASDAQ shedding 3.4%. SPI Futures are pointing to a 113 pointfall for the ASX200 this morning. $NASDAQ(.IXIC)$$S&P/ASX 200(XJO.AU)$$SPY(SPY)$
Your morning market bite. US JOLTS report shows a resilient labour market. All eyes on the Fed!Stocks: Wall Street pulled back following some stronger than forecast US economic data. The S&P500 dropped 0.41%, while the NASDAQ shed 1%. Energy and financials were the leaders for the day, while lT, consumer discretionary and communication services lagged. SPI Futures are indicating a 5 point jump for the ASX200 this morning. $NASDAQ(.IXIC)$$S&P 500(.SPX)$$S&P/ASX 200(XJO.AU)$Rates/bonds: ISM Manufacturing PMl was slightly stronger than expected, while US JOLTS Job Openi