Mortgage rates hit the lowest since 2022, with the 30Y rate at 6.09%.
The BoJ Governor Ueda said there was no change to their plans of hiking rates, and inflation should re-accelerate from the current slowdown.
Crypto soared, yesterday, with Bitcoin up 8%. Did it have anything to do with recent lawsuit claiming Jane Street has been pushing down the price?
Also of note, the CME had halted futures and options trading due to a glitch, after which metal prices fell back from highs.
VIX relaxed for a second day but skew remains elevated. Tail risk fears are still out there.
NVDA beat earnings and raised guidance, but only up 1% after moving between up as much as 5% to slightly negative, last night. As far as I’m concerned, that report was totally fine.
Workday (WDAY) was up 2% after being down -8% the night before after trimming their outlook. Maybe -60% off 52-week highs was too much?
Salesforce (CRM,) a large software company, was down -3% after slightly trimming their outlook, as well. Considering we had been seeing software stocks go down -15% or more on this kind of news, is this part of the healing process?
Jobless Claims, today.
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