Traders no long expect Fed to cut rates in May and switched to June.
*Approximately 90 bps of cuts are now priced in for the full year, down from 137 bps expected before the Jan. 30-31 FOMC meeting. Source: Bloomberg
🎢 The Emotional Ups and Downs of Learning: How to Thrive in the Face of Challenge
Source: Anthony Cheung
$2.4 Trillion In Options Expire Today
There is over $2.4 trillion of notional in options exposure that will expire on Friday, including $510 billion notional of single stock options. Index options volumes continue to grow, driven by 0DTE/short-dated options. Meanwhile, single stock options volumes have rebounded to an 18-month-high fueled by significant growth in call options volumes. Google searches for "call options" just hit a 2 year high. source : gs, zerohedge
In just 5 years, the us dollar has plummeted by a staggering 92% when measured against Bitcoin...
Source: Loïc Staub
The geographical spread of valuations across regions remains significant.
12m forward P/E multiple. MSCI Regions. Data for the last 20 years. Source: TME, Factset
Is AI losing traction?
Source: Michael A. Arouet
Seasonality
S&P 500 is Now Entering the Worst 2-Week Period of the Year Source : gs, barchart
US Inflation – Where It Is And Isn’t
Source : Yahoo Finance
