There's one number that tells you where the Fed is heading weeks before NFP does. It comes out today.
Jobless claims.
Every week, traders skip them to wait for the big reports. Let us explain why that costs you.
The Fed watches two things: inflation and jobs.
Tuesday's CPI covered inflation.
Claims are the fastest read on jobs, and you get one every Thursday.
But here's what nobody tells you: one week means nothing. The trend over a few weeks is what the Fed reacts to, and you can see it building long before NFP confirms it.
Today they're expected at 195K, after 189K last week.
Watch them every week, and the big reports stop catching you off guard.
Gold bloodbath this week sheesh 😅
+Waller hawkish to start the week the morning of CPI, said 0.3% core would keep the Fed restrictive
+CPI came in at 0.4%
+ Rates repriced to more hikes
+ Fed Yaps keeping the pressure on
--> Gold liquidates
But the craziest thing is being able to see all the repricing in real time on one screen. The news, the data, the price action.
Your fav news source is not doing this, trust me.
I know affiliate codes are everywhere these days and you probably don't know who is blowing smoke up who's ass...
But I'm being 100% serious when I say that this new Mrkt 2.0 with @MRKT_AI is a game changer.
Almost at that point where I'm going to not play GTA on the 19th and rather sit and watch this thing.
Use it, don't use it - it's your loss.
But if you do, use code MAD at checkout for a sweet discount. 💙
I honestly refuse to trade without this thing.
The Fed has left the door open for a hike in December.
Today's CPI decides if they can close that door.
The market gives it an 80% chance right now, up from 76% yesterday.
Here's how the print changes that:
0.4% or higher: the hike is done, nobody stops it
0.3%: in line, the hike stays the base case
0.2% or lower: first real reason for the Fed to wait
We trade it live on MRKT in the Morning at 8.20AM EST.
Stay tuned!
Seeing the vision from day 1 and then building it has been so inspirational to watch.
@nilxbh has never faltered on his vision and building MRKT in public with undeniable intention is the reason MRKT is where it is today.
MRKT 2.0 will be the next level and the sky’s the limit!
I went from dropout to building a 7-figure company.
Here are 8 brutal rules I wish I knew when I started. 👇
1. Never build your life on land you don’t own
2. Reset speed beats talent
3. Treat every big decision like Game 7 of the NBA Finals
4. “Making it” won’t feel like you thought
5. Be seen before you’re ready
6. Your circle will shrink. Let it.
7. Be willing to be the bad guy in someone’s story
8. Say the scary number out loud
Full breakdown below
Canada and Europe have announced a new alliance of like-minded nations to serve as both a “protective canopy under which our citizens can thrive” and a powerful hedge against the unpredictable nature of geopolitics, while welcoming other countries to join, per the Guardian