MORNING MINUTE JUNE 30th

Morning, everyone. Darren at Leviathan Financial, , you’re coming in today. European stocks are higher. , s and p futures are completely unchanged, as is volatility. The, treasuries are and SOFR. Short term interest rates also un changed. As we await the numbers today, we’ve got personal income and personal spending, and the fed’s favorite gauge, PCE index, and core pce.
These are Jerome Powell’s favorite numbers to gauge the state of the economy and inflation. The central bankers have done a great job of raising rates and not hopes, , that Jerome Powell has stated that he thinks there could be two more rate hikes before the end of the year. And the markets so have reacted very favorably, given that, , rhetoric and basically seem to be looking for that, , moment when it’s going to be all over and there’ll be nothing but good news on the horizon and we can take off from there.
, there’s, the long weekend coming up in the US , with July 4th holiday on Tuesday. And a half day trading on Monday, so expect volatility to come off quite considerably after these numbers, as we probably have an extended long weekend here in the us. Other than that, good luck everybody and have a great day.