News and my thoughts from the last week (29 Jan 2024) - CRE, PCE & Debt
News and my thoughts from the last week (29 Jan 2024) - CRE, PCE & Debt The number of big-box warehouse lease signings fell to 43 in 2023 from a record 63 in 2022, as economic uncertainty and changing inventory management practices weighed on demand for mega-facilities, according to CBRE data. - Freightwaves Image *U.S. DECEMBER CORE PCE PRICE INDEX RISES 2.9% Y/Y; EST. 3.0%; PREV. 3.2% *LOWEST SINCE MARCH 2021 - Investing I drive a 2015 car. My insurance used to be $59.59 a month.I was just told they are upping my insurance to $149.35 a month. - Twitter user Decade Investor Owning an EV increases the average household’s electricity consumption by approximately 70%, according to energy supplier Ovo Energy. If everyone with an EV charged at peak time, the strain on the grid would be eno
Will debt ceiling breakthrough be beneficial for SOFI?
The debt ceiling and interest rate hikes are the two major concerns in the market at the beginning of June. The debt ceiling bill has already been passed by both houses of Congress, while the implied probability of no interest rate hike in June has risen to 75%. Many Federal Reserve officials, including the President of the Federal Reserve Bank of Philadelphia, have called for skipping the rate hike.Due to traders' increased expectations that the Federal Open Market Committee will not raise rates at its meeting on June 13-14, numerous fintech companies have seen significant gains. For example, $Upstart Holdings, Inc.(UPST)$ rose 9.2% on Thursday, $Blend Labs, Inc.(BLND)$ ose 3.1%, and
Debt Ceiling Headline Continues To Dominate The Price Action
Thanks to Tiger for awarding the weekly top predictions on QQQ again. Join me to bank in the week ahead! 🤑 President Joe Biden has reportedly urged his negotiators to keep following a debt-limit deal after House Speaker Kevin McCarthy indicated both parties may reach an agreement as soon as this weekend. In a call early Friday from Japan, where Biden is attending the Group of Seven summit, the President told his negotiating team in Washington that he's confident Congress will act in time, reported Bloomberg citing a White House official. Price drop supported until more talks In a call that roughly lasted for 20 minutes, negotiators informed Biden they were making steady progress, the report said. However, news of an impasse from the last meeting caused the U.S. markets to end in red altho
Will Resolving The Debt Crisis Send The Stock Market Much Higher? 🚀
$Invesco QQQ Trust(QQQ)$ 51% gain within 90 mins from taking 3 calls after each breakout from open. QQQ retraced after mid day and broke above 338 after hours. We may see another round of squeeze as bears need to close their puts while bulls join in the bandwagon causing more power surge ahead 🤫 ⚠️ Looking at calls above 339 and puts under 336.4 on option expiry Friday (OPEX). Could be setting up for 344.5 should debt ceiling crisis is resolved next week. Why I took QQQ on Thursday instead What’s New? McCarthy told reporters Thursday at the Capitol that "we're not there" regarding a debt ceiling resolution. "But I see the path," he added. MCCARTHY tweeted just now: “I just believe where we were a week ago
$SPDR S&P 500 ETF Trust(SPY)$ 19% gain from taking puts and calls. The stalemate caused by the debt ceiling could be resolved within days as declared by President Joe Biden before he left for G7 meeting. The market spiked after the positive news. ⚠️ Looking at calls above 415.9 and puts under 414 on Thursday. Take note of strongest resistance above at 420.76, 426.56 and support below at 414, 408. Following the decade old script The SPDR S&P 500 (NYSE:SPY) was surging over 1% higher on Wednesday after President Biden said lawmakers will reach an agreement before the U.S. defaults on its debt, which could occur as soon as June 1. The news caused the SPY to break up from a downward channel pattern as it re
Will The Debt Ceiling Drama Sink The Stock Market Next Week?
Thanks to Tiger for awarding the weekly top predictions for SPY again. Will be posting more winning trades in the week ahead soon. Stocks started the session higher, but quickly reversed course after disappointing consumer sentiment data hit a six-month low of 57.7. Economists polled by Dow Jones had forecasted a reading of 63 for May. Import prices also climbed 0.4% last month, data from the Bureau of Labor Statistics said Friday. Economists polled by Dow Jones predicted import prices were 0.3% higher in April. Debt crisis will affect the market next week The debt ceiling talks were postponed less than a day before Biden was set to sit down with House Speaker Kevin McCarthy, R-Calif., Senate Minority Leader Mitch McConnell, R-Ky., Senate Majority Leader Chuck Schumer, D-N.Y., and House Mi
This CEO every week changes the mindset. One week say banking damages are over. Today another thing of the default of debt. week to week keep changing. Really like roti prata flip here and flip there.
JPMorgan CEO Dimon Says Bank Is Convening a "War Room" on Debt Ceiling
NEW YORK, May 11 (Reuters) - JPMorgan Chase & CO (JPM.N) CEO Jamie Dimon said on Thursday the bank i
News and my thoughts from the last week (29 Jan 2024) - CRE, PCE & Debt
News and my thoughts from the last week (29 Jan 2024) - CRE, PCE & Debt The number of big-box warehouse lease signings fell to 43 in 2023 from a record 63 in 2022, as economic uncertainty and changing inventory management practices weighed on demand for mega-facilities, according to CBRE data. - Freightwaves Image *U.S. DECEMBER CORE PCE PRICE INDEX RISES 2.9% Y/Y; EST. 3.0%; PREV. 3.2% *LOWEST SINCE MARCH 2021 - Investing I drive a 2015 car. My insurance used to be $59.59 a month.I was just told they are upping my insurance to $149.35 a month. - Twitter user Decade Investor Owning an EV increases the average household’s electricity consumption by approximately 70%, according to energy supplier Ovo Energy. If everyone with an EV charged at peak time, the strain on the grid would be eno