Investing General Discussion

Big Phoenix

Big Phoenix

Pronouns: zie/zhem/zer
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Sanrith Descartes

Sanrith Descartes

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It was really funny looking at the futures (which are delayed 10 minutes) being up 60 basis points while the stocks (in real time) were nothing but a sea of red. Then at 8:40am the futures get insta-gibbed.
 
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C

Creslin

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I wonder how far we fall from this. Back to the June lows? Earnings season going to be a bloodbath too I bet
 
Jysin

Jysin

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SPY currently at 377-378.. Considering the low yesterday was 380ish, we really aren't that far down all things considered.
 
Jysin

Jysin

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Canada just raised 100bp. Was expected 75bp.

Imagine our Fed needs to follow suit (at a minimum).
 
Zog

Zog

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Last bad PPI sent the market into freefall. Of course, next months reports will show improving numbers over this report and it's like we are in a space time loop back when the narrative was "this is the peak".
 
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Jysin

Jysin

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This is providing some relief.

10:30 *(US) DOE CRUDE: +3.3M V -1ME; GASOLINE: +5.8M V -1ME; DISTILLATE: +2.7M V +1ME
- Utilization: 94.9% v 94.8%e
- Distillate demand -1.0M bpd at 3.4M bpd
- Gasoline demand -1.4M bpd at 8.1M bpd
 
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