FOMC Minutes: "Additional favorable data were required to give them greater confidence that inflation" was Moving to Target

3 days ago by Calculated Risk @ Calculated Risk

From the Fed: Minutes of the Federal Open Market Committee June 11–12, 2024. Excerpt:With regard to the outlook for inflation, participants emphasized that they were strongly committed to their 2 percent objective and that they remained concerned that elevated inflation continued to harm the purchasing power of households, especially those least able to meet the higher costs of essentials like food, housing, and transportation. Participants highlighted a variety of factors that were likely to help contribute to continued disinflation in the period ahead. The factors included continued easing of demand–supply pressures in product and labor markets, lagged effects on wages and prices of past monetary policy tightening, the delayed response of measured shelter prices to rental market developments, or the prospect of additional supply-side improvements. The latter prospect included the possi...

Master this part of trader psychology or stay small

3 days ago by Michael Martin @ MartinKronicle

Watch this video on YouTube So the past two days we’re talking about how to make more money. I think it comes down to how much uncertainty you can learn to live with. We all understand that trading is probabilistic, right? It’d be great if we could just have nothing but certainty. But when you […] The post Master this part of trader psychology or stay small first appeared on MartinKronicle. The post Master this part of trader psychology or stay small appeared first on MartinKronicle.

Wednesday links: inescapable forecasts

3 days ago by abnormalreturns @ Abnormal Returns

Insights on Being a Quant Investor

3 days ago by IBKR Quant @ IBKR Traders’ Insight

Join Tim Quast, Founder and CEO of Market Structure EDGE, for a webinar on the use of quantitative investing techniques.

ICE Mortgage Monitor: Existing Home Inventory Surges in Florida and Texas

3 days ago by Calculated Risk @ Calculated Risk

Today, in the Real Estate Newsletter: ICE Mortgage Monitor: Existing Home Inventory Surges in Florida and Texas Brief excerpt: The local data I track is indicating that Florida and Texas inventory is above normal, whereas inventory is still low in most of the country. <img alt="ICE New Listings" border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjt_cZG9qU8bDatgAj1vUMrL_hPaK3VXFS2xWO8oLHaKiolTIPwVyhByMzAhl-PXnGO6TjxWbuV_b288GHOGBJGBlRTGQCYeDV62IGGlGvimg5spKpLmoHtSlmLgSP-lQSeHEoUbdLtLahR1a1rX5cFJHnVg7YRm2wyJO3TmtuJ4wpa...

Peabody Energy: Some Positive Developments, But Not Too Compelled To Shift Our Stance

3 days ago by SA Editor's Picks

BTU FENY

Stocks Rally on Labor Deceleration: July 3, 2024

3 days ago by Jose Torres @ IBKR Traders’ Insight

Investors are heading into the Independence Day holiday in stride despite this morning’s weaker-than-expected economic data.

Personal finance links: our reliance on money

3 days ago by abnormalreturns @ Abnormal Returns

Wednesdays are all about personal finance here at Abnormal Returns. You can check out last week’s links including a look at lessons...

A Pivotal Moment For France. What Happens Next?

3 days ago by Jim Iuorio @ IBKR Traders’ Insight

This is a big year for elections across the globe. How are traders managing European election risk? Insights by Jim Iuorio.

Money on the move

3 days ago by Alexander Gunz @ IBKR Traders’ Insight

Digital payment may be utterly commonplace for all readers of this piece, but your author was reminded of the sheer complexity that underpins this process when recently visiting Mastercard's London Experience Centre.

The journey is HARD 🤬 the journey is LONG ⌚ the journey is PAINFUL 🤕 the journey is WORTH IT! 😁

3 days ago by Akil Stokes (Trading Coach at Tier On... @ Trading Coach Podcast

The journey is HARD 🤬, the journey is LONG ⌚, the journey is PAINFUL 🤕, the journey is WORTH IT! 😁

ISM® Services Index Decreases to 48.8% in June

3 days ago by Calculated Risk @ Calculated Risk

(Posted with permission). The ISM® Services index was at 48.8%, down from 53.8% last month. The employment index decreased to 46.1%, from 47.1%. Note: Above 50 indicates expansion, below 50 in contraction. From the Institute for Supply Management: Services PMI® at 48.8% June 2024 Services ISM® Report On Business®Economic activity in the services sector contracted in June for the second time in the last three months, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The Services PMI® registered 48.8 percent, indicating sector contraction for the third time in 49 months. The report was issued today by Steve Miller, CPSM, CSCP, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: “In June, the Services PMI® r...

IBKR’s Hottest Shorts as of 06/27/2024

3 days ago by Contributor Author @ IBKR Traders’ Insight

IBKR's hottest shorts as of June 27 2024: Largest Short Values, Most Requested Stocks and ETFs, Highest Borrows Fees.

[Options P2P] Daily Digest 7/3/24

3 days ago by Sean McLaughlin @ All Star Charts

Programming Note: Enjoy your Fourth of July shenanigans. There will be no new trading in P2P for the rest of this week. Next report will be Monday. In today’s Daily Digest, we’ll review the following: No new positions today. Adjustment to XME position. No exits since the last report. Current status of open campaigns. Let’s […] The post [Options P2P] Daily Digest 7/3/24 appeared first on All Star Charts.

No fireworks in the futures trade

3 days ago by Patrick J. O’Hare @ IBKR Traders’ Insight

It is a slow day for corporate news, but it is a busy day in terms of economic reporting. That ball got rolling overnight with the release of final June Services PMI readings for countries in Asia and Europe.

Right Analysis. Wrong Result.

3 days ago by Sean McLaughlin @ All Star Charts

File this post in your “Trading Is Hard” file folder. Back on May 29th, I published a bearish trade idea in Nike $NKE. Here’s what I said about it: [$NKE] appears to be hanging on the precipice of a potentially large fall. The company will be announcing earnings [in late June] and I think that […] The post Right Analysis. Wrong Result. appeared first on All Star Charts.

ALL

Trade Deficit Increased to $75.1 Billion in May

3 days ago by Calculated Risk @ Calculated Risk

The Census Bureau and the Bureau of Economic Analysis reported: The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $75.1 billion in May, up $0.6 billion from $74.5 billion in April, revised. May exports were $261.7 billion, $1.8 billion less than April exports. May imports were $336.7 billion, $1.2 billion less than April imports. emphasis added<img alt="U.S. Trade Exports Imports" border="0" src="https://bl...

Got Coal? Alpha Metallurgical Resources Just Got Another Tailwind

3 days ago by SA Editor's Picks

AMR

Weekly Initial Unemployment Claims Increase to 238,000

3 days ago by Calculated Risk @ Calculated Risk

The DOL reported: n the week ending June 29, the advance figure for seasonally adjusted initial claims was 238,000, an increase of 4,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 233,000 to 234,000. The 4-week moving average was 238,500, an increase of 2,250 from the previous week's revised average. The previous week's average was revised up by 250 from 236,000 to 236,250. emphasis addedThe following graph shows the 4-week moving average of weekly claims since 1971. <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjn9lmJgLhItt08BZT_C6UY9CK-SRr6djiH5A4eDFJqtpYtbWK6bdAuU29OWGVKrIBAFjmAkGarXSc14XZcg8FKg5eSNV3g6gNODmowvsFY8NfUtgxuGPPmv3FIkUM3rsBMAi2IAORG_SyNz5UlxvtQx_98OkJTX0BmcKz8R3Qt_bxWbhCH1mqi/s1083/WeeklyClaimsJuly32024.PNG" style="margin-left: 1em; margin-right: 1em...

ADP: Private Employment Increased 150,000 in June

3 days ago by Calculated Risk @ Calculated Risk

From ADP: ADP National Employment Report: Private Sector Employment Increased by 152,000 Jobs in May; Annual Pay was Up 5.0%Private sector employment increased by 150,000 jobs in June and annual pay was up 4.9 percent year-over-year, according to the June ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab (“Stanford Lab”). ... "Job growth has been solid, but not broad-based,” said Nela Richardson, chief economist, ADP. “Had it not been for a rebound in hiring in leisure and hospitality, June would have been a downbeat month.” emphasis addedThis was below the consensus forecast of 170,000. The BLS report will be released Friday, and the consensus is for 180,000 non-farm payroll jobs added in June.