MORNING MINUTE JUNE 27th

Good morning everyone. Darren at Leviathan Financial. \ , you’re gonna come in today with markets moderately higher, , the s and p up around nine points at the moment. Things kind of hanging in there after people digest the news out of Russia over the weekend or about the rebellion and how this would affect Putin’s position going forward.
However, , In other news, the Chinese government expect the second half of the year to be better performing than the first half and will provide stimulus accordingly. , however, , the markets still are concerned that inflation will remain higher for longer and therefore rates will remain higher for longer.
Is you can also see from a smaller move in, uh, the SOFR indicating interest rates. , that backend is coming, , down. The rates are going higher as, uh, rhetoric from the central banks are that this is a problem that will [00:01:00] persist for longer than we want. So we will have to keep rates higher. On the ticket today, you’ve got durable goods and the new home SALES uh, followed by consumer confidence,
home should be interesting, uh, because in the face of higher rates, uh, they still seem to be, uh, doing not as bad as they could be. Anyway, uh, that’s all for me. Good luck training everyone and have a good day.