Things you need to know. – Markets churn as we approach the long holiday weekend – No eco data today, but tomorrow will bring us the monthly NFP report – Recent slowdown in eco data suggest coming ‘stagflation’ – Bond market is forecasting a longer deeper recession. – Try the Lasagna **I am not writing a note tomorrow or Monday…. …
It’s called Profit Taking Ahead of a long weekend – Try the Grilled Rib-Eye Arrabiata
Things you need to know. – Stocks retreat a bit – no surprise – it’s called short term profit taking. – It is a holiday shortened week – expect volumes to recede making dramatic moves more possible. – Loretta warns of further rate hikes ahead – not changing the narrative – Gold rockets higher on the back of weakening data…. …
OPEC+ Decision Stuns Joey – What Happened? MGS Throws Cold Water on TECH – Try the Rigatoni
Things you need to know. – OPEC+ decision sends Oil UP 6.5% yesterday and up another 1% today. – So many appeared to be ‘taken by surprise’….which makes no sense – US macro data continues to weaken. – RBA holds rates steady and expects the US to pivot this summer – Challenge! – Mikey Throws cold water on TECH – …
Weekend SURPRISE – OPEC+ CUTS Production – Hello? Try the Butterflied Leg of Lamb
Things you need to know. Qtr. ends on a high note – Dow goes positive. OPEC + CUTS production – Why are you surprised WTI +5.5% today, Big Oil following suit Remember – It’s a holiday shortened week – Mkts closed for Good Friday Lots of eco data out this week Try the Butterflied Leg of Lamb WoW! What an …
Countdown to PCE, Big Wigs Call for Regulation around AI – Try the Bucatini in a Roasted Red Pepper Sauce
Things you need to know. – The PCE is due out at 8:30 – 3 Fed Members hint at a rate hike in May – Tech big wigs calling for more regulation around AI. – Joey calls for more regulation for mid-sized banks. – Oil – up again, Gold and Bonds holding their own – Try the Bucatini in a …
Consumers are Confident….Try the Veal Rollatini
Things you need to know. – Consumer Confidence surges – Banking Crisis? Don’t be ridiculous! – Markets churn as we await more inflation data. – Regulators defend themselves on Capitol Hill – The IRS pays a home visit to journalist Matt Taibbi – Try the Veal Rollatini Consumers are confident! The Conference Board’s consumer confidence survey surges to 104.2 up …
Energy and Banks Surge…Tech gets Punched in the Face – Try the Grilled Pork Chops
Things you need to know. – Energy and Banks steal the show as investors take both groups higher. – Bonds churn as investors place bets on what’s next. – Oil surges on the China demand story (exhausting) – Eco data today – a nonevent – It’s all about Friday’s PCE report. – Try the Pork Chops in Dijon Marinade See …
First Citizens Bank Scoops UP SVB for a BIG discount – FRC quoted UP 25% – Try the Spaghetti Al’ Tonno
Things you need to know. – DB is not the disaster that they made it out to be – First Citizens buys $72 bil of assets from the failed SVB for $56 bil. That’s a 22% discount….Expect the regionals to rally. – FRC quoted up 25% in the pre-mkt. – Minneapolis FED Pres – Neely K – tells us …
The Banking Narrative Remains Confusing & Now DB is Under Fire! Try the Pan Seared Sea Bass
Drama on Capitol Hill – **TikTok CEO Shou Zi Chew tries to assure US lawmakers that China does not have any access to any of the data that they collect on Americans…..He disagrees with the description that ‘they are spying on Americans’ he says that he ‘no evidence that the CCP is using the data and that he does not …
What did you see – Sun or Clouds? Algo’s throw a tantrum – Stocks fall – Try the Chicken Parmegiana
Things you need to know – – JJ hikes and leaves the door open to a pause IF the data dictates. – Janet on the other hand – stuns markets and says she is NOT working on backstopping depositors – Regionals get clocked again…. – Oil pierces $70, Gold rallies back to $2000, bond prices rise sending yields lower …
