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Monday, October 29, 2007

100% Chance of At Least 0.25% Fed Cut

After a nail-biting week, this coming week is another big one in terms of economic news. We've got the FOMC as well as the Unemployment rate. Speaking of the FOMC, traders are pricing in an 100% chance that the Fed will lower the Fed rate by at least 0.25%. This is based on Fri's market close for Nov '07 30-Day Federal Funds futures contract.

Mon:
Notable earnings: EOG, RSH, SOHU, VMC

Tue: Consumer Confidence
Notable earnings: BEC, BWLD, CRDN, CPO, RAIL, GPI, MLM, PG, SIRF, UBS, WYNN, WBSN

Wed: GDP, GDP Deflator, Chicago PMI, FOMC Policy Statement
Notable earnings: BYD, CCJ, CEDC, MTW, REG, SNY, RIG

Thurs: Personal Income, Personal Spending, Core PCE Inflation, ISM Index, Pending Home Sales
Notable earnings: BUCY, XOM, GYI, OSK

Fri:
Unemployment Rate, NonFarm Payroll


2 Comments:

Blogger Tony Chai said...

Hi SOT :

Hmm.. some of the companies which have reported big rally in their Q2 earnings hit snag this quarter. Tickers like SCHN, BWLD, GRMN, WYNN, CROX were hit hard this round.

But MA came back strongly this quarter surging 30 points after it tanked in its previous earnings quarter.

Hope next week would be better.

Tony Chai
My Options Trading Blog

2:04 PM  
Blogger Simply Options Trader said...

Hi Tony,
Yes, some of these are high profile momentum stocks and high expectations are factored in their move up. Once they don't live up to expectation, they get thrashed.

9:13 PM  

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