Taylor Perri

Get your own 🎒 #financialjournalnotadvice

[First Squawk @FirstSquawk]

TRUMP FAMILY REPORTEDLY POCKETED $500 MILLION FROM CRYPTO VENTURE AS INVESTORS TOOK HEAVY HITS

TRUMP-LINKED CRYPTO PROJECT GENERATED $500 MILLION FOR FAMILY WHILE INVESTORS FACED SHARP LOSSES

[GURGAVIN @gurgavin]

*CBOE GETS SEC APPROVAL TO OFFER EXTENDED HOURS FOR SOME STOCK OPTIONS

*CBOE LAUNCHES PRE-,POST-MARKET TRADING FOR SOME OPTIONS JULY 13

WE ARE GETTING CLOSER AND CLOSER TO 24/7 STOCK TRADING

[*Walter Bloomberg @DeItaone]

TRADERS BOOST FED HIKE BETS TO 50% AS YIELDS SPIKE

US Treasury yields jumped after traders increased bets on a Federal Reserve rate hike to 50% by October, citing inflation risks from the ongoing Middle East conflict.

Yields rose 9–13 basis points across maturities, with two-year notes most sensitive to policy. Five-year yields topped 4% for the first time since July, and the 10-year climbed to 4.33%, the highest since August.

Money markets have shifted from expecting two rate cuts this year to pricing in possible hikes. “The Treasury market is worried about rising inflation as the Iran conflict escalates,” said Gennadiy Goldberg, TD Securities’ US rates strategist.

[Nick Timiraos @NickTimiraos]

The Fed held rates steady.

There was one dissent.

The median rate “dot” was unchanged, as was the 12-7 split on cuts vs. no cuts.

The median core PCE inflation forecast revised to 2.7% from 2.5%.

The median long-run rate “dot” revised up to 3.1%.

[The Inner Circle Trading Group DP David Prince @epictrades1]

What changed in FOMC statement

[Nick Timiraos @NickTimiraos]

FOMC cuts by 25 bps as expected

Three dissents: Goolsbee and Schmid opposed the cut. Miran wanted a 50 bps cut.

The SEP shows six officials of 19 didn’t favor a cut

The median dot is unchanged for 2026

The Fed will start “reserve management purchases” this week, beginning at $40 billion per month in T-bills

The statement changes:

[Barchart @Barchart]

FUN FACT 🚨: Nvidia $NVDA is now worth more than every foreign country's entire stock market except India, Japan, and China

[Nick Timiraos @NickTimiraos]

October FOMC decision:

-The Fed cut rates as expected by 25 bps.

-There were two dissents. Schmid favored no cut, and Miran wanted 50 bps.

-The Fed will end QT on Dec. 1. MBS redemptions will be invested into T-bills after that.

-The statement changes mostly mark to market the outlook, notwithstanding “available” data instead of “recent” data.

[Benjamin Cowen @benjamincowen]

Powell: "We may be approaching the end of our balance sheet contraction in the coming months"

QT will be ending soon.

[Forbes @Forbes]

Rare Earth Stocks Surge On JPMorgan’s $1.5 Trillion U.S. Investment Pledge
https://t.co/WlbyiMkvm3

[Nate Geraci @NateGeraci]

30+ crypto-related ETFs filed w/ SEC this afternoon…

Just the beginning.

Any crypto ETF you can possibly imagine will be filed w/ SEC over next several months.

You all have no idea what’s coming.

h/t @JSeyff

[OpenAI @OpenAI]

Sound on.

[Taylor Perri @TayGetGuap]

Q4 Wednesday

[WALL ST JESUS @WallStJesus]

📅

[Taylor Perri @TayGetGuap]

https://t.co/FkaFamqojA

[*Walter Bloomberg @DeItaone]

SEC SAYS IT IS 'PRIORITIZING' TRUMP'S PROPOSAL TO END QUARTERLY EARNINGS REPORTS AFTER HIS REQUEST

[*Walter Bloomberg @DeItaone]

US MORTGAGE RATES POST BIGGEST WEEKLY DROP IN A YEAR

U.S. 30-YR FIXED RATE MORTGAGES 6.35 PCT SEPT 11 WEEK, LOWEST SINCE OCT 10, 2024 WEEK, VS 6.50 PCT PRIOR WEEK

[GURGAVIN @gurgavin]

OPENAI SET TO START MASS PRODUCTION OF ITS OWN AI CHIPS WITH BROADCOM PER FT

$AVGO

[Taylor Perri @TayGetGuap]

Largest U.S. Pension Buys Up Coinbase, Palantir, Nvidia, and Robinhood Stock https://t.co/Yh6Qh5EQBW

[Taylor Perri @TayGetGuap]

https://t.co/gHQMJUNkse