Brian Scheid

S&P Global Market Intelligence Senior Reporter, Global Markets. Former Platts, Capitol Crude. All opinions my own and mostly on Minnesota baseball.

[Brian Scheid @BrianJScheid]

Mostly not here anymore, but you can find me at the other place:
@brianscheid.bsky.social

[Brian Scheid @BrianJScheid]

@DerekESullivan I think we need some Dillingham minutes first

[Brian Scheid @BrianJScheid]

Layoffs surge in white collar jobs. Is AI to blame?
"If those trends stick in the coming months... that could be evidence in support of the theory that the economy is fundamentally changing due to new technologies," says @juliaonjobs
https://t.co/5bwZsPcyPG

[Brian Scheid @BrianJScheid]

Fading rate cut expectations push US dollar even higher
"If the jobs market remains relatively robust and the Fed cuts rates less than expected, US dollar strength would almost certainly be extended" says Jane Foley w/ @Rabobank https://t.co/0Lz0doyVXE

[Brian Scheid @BrianJScheid]

Short interest in materials sector rises to highest level since February 2020 https://t.co/hdrCFxVO39

[Brian Scheid @BrianJScheid]

After a month of buying, institutional investors back to selling stocks
"Institutions are adopting a more defensive position as we enter the final quarter of 2024" said Thomas McNamara, a director for Issuer Solutions w/ @SPGMarketIntel
https://t.co/k9zoYwjjMA

[Bret Kenwell @BretKenwell]

"When coming out of a high inflation environment, there's always a concern — be it from investors, consumers or the Fed — that we'll face periods of reflation as monetary policy eases."

Thank you @BrianJScheid at @SPGMarketIntel!

Full story 👇

https://t.co/GXV7Ei5S8D

[Brian Scheid @BrianJScheid]

Mortgage rates are tumbling, but the US housing market is expected to be hindered by a lack of supply
"And you can't buy what's not for sale," says Sam Williamson w/ @FirstAm
https://t.co/pRdD4Ysln8

[Brian Scheid @BrianJScheid]

US companies have slowed hiring and workers aren't quitting, a labor market trend that may not ease until interest rate cuts take root
"This is a really tough job market for job seekers," says @EconBerger
https://t.co/eDpAxGbzgd w/ @DanielBZhao

[Brian Scheid @BrianJScheid]

Fed officials now see long term rates at 2.9%, the highest in 6 years. What's the risk of a new neutral?
The Fed "could be moving policy to an inappropriate target and creating a policy error" says @MJORourkeJr https://t.co/mi729qztjM #FOMC r*

[Brian Scheid @BrianJScheid]

@SJD10304 @CUBuffsFootball Insane!!!!

[Brian Scheid @BrianJScheid]

@EffMktHype (Dolly’s was better)

[Brian Scheid @BrianJScheid]

Stock rally?
"The Fed is clearly looking to minimize the left tail risk of a deteriorating labor market, essentially putting a cap on the unemployment rate," @sonusvarghese "That is likely to be positive for the economy and markets over the next year."
https://t.co/ah7qya5O9p

[Brian Scheid @BrianJScheid]

"Was the 50 bps necessary? Maybe not, but it's warranted," said @KathyJones. "I think Powell saying the labor market is 'still solid' can be justified by the level of unemployment — but not by the trend in unemployment." https://t.co/utYBQmaQeh

[Brian Scheid @BrianJScheid]

From sellers to buyers: Institutional investors boost exposure to stocks ahead of Fed cuts
"With a longer investment horizon and the potential for multiple rate cuts starting in September, they might be positioning for a longer-term market upswing"
https://t.co/kC8PaCd7ZS FOMC

[Monetary Policy Analytics, Inc. @mpamacro]

"Powell will likely lean on the [projections'] dot plot and macro projections to tell the main story: This is an FOMC that has turned the corner."
@macroderek's thoughts ahead of this week's meeting.
@BrianJScheid @SPGlobalPMI
https://t.co/VyOLlk0z5d

[Brian Scheid @BrianJScheid]

@TheCinesthetic

[Matt Weller CFA, CMT @MWellerFX]

My thoughts on what it would take to drive the market to price in MORE #Fed easing from here 👇

Thanks @BrianJScheid!

https://t.co/HXHfkUxC5J

[Brian Scheid @BrianJScheid]

"The dollar will remain under broad, downside pressure until we get top-line data that confirms the US labor market is adjusting smoothly," said Elias Haddad w/ @bbh
https://t.co/mjFc7TYpbZ #USDJPY

[Brian Scheid @BrianJScheid]

Data Dispatch: Institutional investors dumped NVIDIA stock as it hit record high in Q2 2024 | S&P Global Market Intelligence https://t.co/cXUw4Q262T