MORNING MINUTE EQUITIES, FUTURES & OPTIONS MAY 11th

Good morning everyone. Darren at the Leviathan Financial, the stock markets were fairly pragmatic. Yesterday after the CPI number came in, ever so slightly better than expected, but did print in the, “4” handle, on year 4.9%. So kind of like buoyed by that, still feel a fear about the potential, , debt ceiling issue.
Uh, on one hand people convinced that we are gonna sort it out, but we do think congress and current politicians have the ability to do so. No. No , while the stocks were acting sensibly, uh, interest rates are still in a different world of their own, we are now looking at over 80 basis points of cuts by the end of the year.
So I’m not quite sure if that’s gonna happen today. You’ve got PPI. Look out for that headline number of 0.3. And will help indicate where the Fed will go in the future. Two fed speakers later on. Uh, but, uh, watch out for any debt [00:01:00] ceiling related news.
I guess anything positive out there should, , help the stock market. So other than that, good luck everyone, and have a great day trading.