Stock Market/Investing/Day Trading/Speculative Trading Thread

[BingoDingo]

Treasury Secretary Yellen says she wouldn't be surprised to see more bank consolidation

Yellen said she wouldn't want to see the diverse banking system threatened by further consolidation, but it would be understandable.

www.cnbc.com

I can't get the gif to work and can't find another of this one...but it's really good.

 

[LoudHogRider]

I can't get the gif to work and can't find another of this one...but it's really good.

 

[Faux Sean Callahan]

 

[Faux Sean Callahan]

 

[Jim14510]

Have to be close to selling Tesla now right?

 

[Faux Sean Callahan]

 

[Faux Sean Callahan]

 

[God is a Husker]

Amazing.

 

[Faux Sean Callahan]

 

[BingoDingo]

Probably means June and July are definitely pause...which means we are done with rate hikes?

 

[Pepe Silvia]

Probably means June and July are definitely pause...which means we are done with rate hikes?

maybe. but core CPI is given more weight by the Fed and it's staying elevated at 5.3%. I'd bet on them skipping June and giving vague guidance about future hikes

 

[BingoDingo]

maybe. but core CPI is given more weight by the Fed and it's staying elevated at 5.3%. I'd bet on them skipping June and giving vague guidance about future hikes

Well, with the seasonality/base effects, you'd expect Core to maintain elevated levels probably through July/August. Will probably have to see PCE/Core Quarterly for June/Q2 before we know...seems like we are close though. Just hope Cramer doesn't start talking about "soft landing" anytime soon...

 

[Faux Sean Callahan]

 

[Pepe Silvia]

on the other hand, I'm sitting here with a shitload of puts trying to stay afloat until this bullshit stops. basically a month straight of 0 DTE options pumping the market

 

[Faux Sean Callahan]

 

[Pepe Silvia]

no rate hike this month, but forecasting 2 more .25% increases later this year. the narrative of expecting cuts this year is officially dead

 

[skersker]

Pause today means more in the future is my guess.

If they would have hiked today I think that would’ve signaled the ending of the hikes ironically

 

[Faux Sean Callahan]

no rate hike this month, but forecasting 2 more .25% increases later this year. the narrative of expecting cuts this year is officially dead

Yeah the only way we get cuts is if we get some bad economic data...

 

[BingoDingo]

Unless we get a cut in July, I feel like the Fed is done...I just can't imagine the conditions in September/November are gonna be favorable to more increases, right? If we are hiking in Q4, that pretty much means no recession, so...I guess that would be...good?

 

[Toe]

But I'm sure Friedman's kiddies will pop in here any moment now to blame everything on government again.