In any case it will be interesting to see what happens in a couple of hours.

Demand weakness weighs further on US private sector business activity in November

House sales are still lower than 2019-2021. But it did come in to the high side. But the statistics doesnt say anything about pricing which is to me the more interesting.

Monthly New Residential Sales, October 2022

I take my bet that they will. FED will verbally signal a further tightening but in reality rates want be (much) higher than the current forward rate. But lets see.

Demand weakness weighs further on US private sector business activity in November

All bad news today but especially the unemployment numbers. If FED keep raising interest into this it will end bad. FED will pivot sooner rather than later and economy will get back on track?

Demand weakness weighs further on US private sector business activity in November

All news below expectations today. Economy is indeed slowing and inflation will slow down too. FED didnt even have to raise rates to where they are now.

Unemployment insurance weekly claims

Inflation has already slowed although from high levels.

ECB's Centeno: Interest rates are to rise until inflation slows

Yes like it was too low for too long it will be too high for too long. Where can I vote for the FED election?

Fed's Collins: After rate hikes end, the fed will need to keep rates in place for some time

Markets are NEVER rational. Remember the phrase "markets can stay irrational longer than you can stadig liquid".

Fed's Daly: Consumers are preparing for slower economy, that's a good start

Soon enough they will be lowering again. Markets know it. FED just hasnt realized it yet.

Fed Hawk Waller Joins Other Officials Open to Half-Point Rate Hike

Sometime next year is on 1 January

Harker repeats he sees rate-hike pace slowing in coming months; Harker sees Fed going on hold...

But you cant really use that information for anything can you? I say you have to look at what is priced in already. It will not be a disaster to markets if FED hikes as is priced in. Where it hurts is if FED hikes more than expected or indicates it ...

Empire State Manufacturing Survey

Another one short

Fed's Cook: Inflation is much too high; Focus for Fed is on addressing inflation

RBA understand what is going on and how effects takes time to show.

The RBA's 25 vs 50bp hike debate is no longer ‘finely balanced’

And I will add to my previous post that we havent by any stretch seen the impact of the tightening which has already been decided.

Fed's Waller: "The market seems to have gotten way out in front" over one CPI report

Right up to the point they started hiking they said inflation was transitory. Back then the markets were right. I think the markets are right this time around also. However, that may not cause the FED to slow hiking but it should imho.

Fed's Waller: "The market seems to have gotten way out in front" over one CPI report

They were all short NAS

Fed’s Mester Sees Larger Policy Risks From Too Little Tightening

Amazing what a few mad men can do to the world.

Xi Jinping tells China’s army to focus on preparation for war

Couldnt care less. I have always considered BTC gambling. Sure, some made millions. Others made millions on meme stocks. But I dont regnet being on the sideline missing out. I might buy a couple of BTC when it hits 1. Same with TSLA.

US Oct CPI preview

And "thinking" is probably the worse thing in trading.

Three Things I Think I Think – Is This The Bottom?

Maybe. Maybe now. Personally I think we might have seen the lows or close to the lows. But who knows. I also think that we havent seen the impact of the rate hikes yet. This is just about to unfold but you cannot expect the rate hikes to affect ...

Three Things I Think I Think – Is This The Bottom?