Category: Firefly Room

Okay, those CPI numbers are coming in a few minutes, so let’s see how futures and commodities respond. Okay, they’re hotter than expected 1.3%! 9.1% was shocking. Someone ‘leaked’ Spain’s numbers yesterday as the US Numbers, 10% and I think

Good Mornings Friends, PLEASE look at the downgrading going on. Downgrades are coming in hot and heavy, 50 downgrades JUST today. And I’m expecting more downgrades and further downgrades to the downgrades. Analysts FINALLY waking UP! Volatility increases if SPX

Good Morning Friends. If you want to know if or when we reach a recession forget the talking heads, since the National Bureau of Economic Research (NBR) are the real trackers of the data, and at this point because we’re

Good Afternoon Friends, That JPMorgan Collar on the SPX is keeping us range-bound, and we are feeling a bit of reverse to the Volatility Means, so many of the underlyings should be near the center of the Bollinger Band. Which

The University of Michigan Survey of Consumer Sentiment was started in 1952, containing 70 years of data, and the reading it gave today was the worst ever in the history of the survey. Worse than the Kennedy Assassination, Financial Crisis,

Yesterday’s beginning of our “short cover rally” was literally followed by a HUGE amount of selling calls and buying puts across indexes and individual equities. It seems no one thought the Gamma Squeeze Short Cover set to expire on June

Good Morning Friends. Yesterday’s FOMC was strange in that markets priced in a 3.2% hike this year, and actually with them pulling forward 75 and not committing to what will happen next means a 2.5% is potentially the max they’ll

Good Morning.  We all know that today starts QT, and FOMC meets today, so we will hear what the Feds will give us on forward guidance for the latest inflation rates; but what’s new is that the Euro Central Bank

I’ve been getting a few emails asking about Bonds. There is a wider issue to bonds and their inverse relationship to the equities market, and that is the Fed usually is accommodative to when markets are getting tight, and this

 I know we have been talking a LOT about CPI, but it’s important that we really look into the breakdown of the CPI and look at where the month-over-month inflation rates are accelerating the most. Food and Energy are reaccelerating,