The week when the #UK's policy approach became less and less coherent: Thursday: The @BankOfEngland announces liquidity reduction via QT; Friday: The government announces unfunded tax cuts; Tuesday: BoE Chief Economist signals a more hawkish policy; Today: BoE to inject liquidity
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Japan will likely keep selling its FX reserves, 60% of which is USD government debt & cash, to slow the yen’s descent: BNP analysts. “We do not rule out the risk that the BOJ shifts its policy stance, but we think USDJPY would need to reach near 170 for rate hikes” under Kuroda
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$SBUX: increases dividend 8.2% and will now yield 2.4%. Doing the right things.
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The informal "Waffle House Index" states that if a Waffle House closes, the impact of a storm in that area has been severe. So you can imagine how people are reacting to the news that 21 Waffle House locations in Florida closed ahead of Hurricane Ian. https://t.co/YQgkMFQitv
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Reaction to a Bank of England’s intervention seen as pointing to problems central banks have in tightening policy. While this could end up being the case, (i) the action is a QE1 (for financial stability) and not QE2 (monetary stimulus) and (ii) inflation complicates a transition https://t.co/q5t9TrStip
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A look under the hood of the US labor market suggests there may already be some breakage in the labor market. For example, there’s a falling number of full-time jobs and the very sharp inflection higher in part-time employment: @LizAnnSonders https://t.co/w1dViTAhml https://t.co/lt77aDIQxg
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I wrote a 2409 word-guide on stock trading in the US market. So if you want to learn a simple stock trading strategy that works, then reply “haha” and I’ll send you the link to get a copy. (Due to limitations, I can only reply to the first 1000 people.)
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.@NasdaqExchange is attending the @siliconslopes Tech Summit starting tomorrow. Stay tuned as Nasdaq’s @Jack_Cassel interviews @pluralsight, @HealthEquity and @Overstock. Visit us onsite to receive @VoiceHQ NFTs and more! #SlopesSummit22 https://t.co/vKgZ3Fl3YM
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Time to re-learn difrnc btwn Liquidity & Solvency: Why #GBP rose despite BoE's buying bonds? Purchases prevented a LIQUIDITY evnt in bond mkt, which wouldv forced portfolio mgrs to liquidate, triggering further plunge in gilts & explosion in rates, rendering UK INSOLVENT #forex
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“I didn’t appreciate how me being unvaccinated all of a sudden came to be a stigma within my career that I don’t want to play, or that I’m willing to give up everything to be a voice for the voiceless,” Brooklyn Nets star Kyrie Irving said. https://t.co/cwmGuIpDK9
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US fixed income rated investment grade and higher gained over 160 bps for its best day on record. Read more in tonight's Closer: https://t.co/pTZoWJ8w0h https://t.co/LRev5YwFLw
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$MTN - beats EPS and grew TR 30.8%. Commentary noteworthy: "As we head into F/23 we are encouraged by the strength in advance commitment product sales... we expect meaningful growth for F/23 y/y and strong Resort EBITDA margin." $XLY down/out sector w low expecations.
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