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Back and Forth on Oil and NVDA
Back and Forth on Oil and NVDA
Bonds began the overnight session in roughly unchanged territory and were mostly sideways until just after 8am when Trump said "we don't need a deal with Iran." Oil prices and bond yields spiked in response. There was a modest recovery in response to NVDA announcing Huang resigning as CEO but now more selling pressure as the NASDAQ recovers at the 9:30am NYSE open.
Is This The End of The Friendly Trend?
| Time | Event | Period | Actual | Forecast | Prior |
|---|---|---|---|---|---|
| Thursday, Nov 12 | |||||
| 8:30AM | Nov/07 Jobless Claims (k) | Nov/07 | 200K | 195K | 189K |
| 8:30AM | Oct/31 Continued Claims (k) | Oct/31 | 1697K | 1710K | 1718K |
| 10:00AM | Oct Existing home sales (ml) | Oct | 3.75M | 3.85M | 3.99M |
| 12:00PM | Nov/06 Crude Oil Inventory (ml) | Nov/06 | 4.657M | -1.1M | -0.865M |
| 1:00PM | 30-Year Bond Auction | 5.441% | 5.618% | ||
| 2:00PM | Oct Federal budget (bl) | Oct | $-404B | $-298.6B | $-27B |
| Friday, Nov 13 | |||||
| 12:00AM | Roll Date - UMBS 15YR, Ginnie Mae 15YR | ||||
| 8:30AM | Oct PPI y/y | Oct | 6.6% | 6.3% | |
| 8:30AM | Oct PPI m/m (%) | Oct | 0.4% | 1.3% | |
| 8:30AM | Oct Core PPI y/y (%) | Oct | 5% | 5% | |
| 8:30AM | Oct Core PPI m/m (%) | Oct | 0.3% | 0.7% | |
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