Posts by Dave Lauer
However (related to my last post), the trend is not looking great.
Great overview of NFP release - overall stronger than expected, but not by much.
Tough to be a short seller these days.
Looks like there might be a deal to end the shutdown.
Hahahahahaha
BREAKING: The DC Circuit has *rejected* Trump's bid to fire Lisa Cook from the Fed board, allowing her to participate in tomorrow's interest-rate setting meeting.
Trump's last hope is a quick stay from SCOTUS. storage.courtlistener.com/recap/gov.us...
About to go live to talk about markets, $GME earnings, jobs data and more! Join us: www.youtube.com/watch?v=Dg3k...
According to @punchbowlnews.bsky.social, the White House is lobbying against a Senate bill to ban stock trading for members of Congress, the president and vice president. The Trump administration doesn’t agree with the ban on the president and VP. Quite the business model they've come up with here.
A few excerpts.
IEX has filed for a new options exchange, and the usual suspects are out with the same exact arguments they used 10 years ago against the equities exchange. They were wrong then, and they're wrong now. I wrote a comment letter: www.sec.gov/comments/sr-...
Labor force participation rate down, private employment down, government employment up, trade deficit up, avg hourly earnings not up as much as expected. Unemployment rate down from a combination of lower participation rate and higher government employment (state and local, not federal).
Pretty interesting unemployment report today - unemployment comes in at 4.1%, better than expected, pushing out expectations of a Fed rate cut to September. But under the hood, it's a weird report!
Talk macro and markets today at 1pm ET with @claudia-sahm.bsky.social and @ophirgottlieb.bsky.social, hope you can join us!
www.youtube.com/live/nVAEfXl...
Simply flip the + to a - and boom! Deficit reduction!
WOW! Pete Rose and Shoeless Joe could be in the MLB Hall of Fame soon.
Looks like being an online troll has some consequences.
Looking forward to Let's Talk Markets Live with BMLL Tech - we're going to dive deep into the data to understand what market data can tell us about tariffs, tick sizes and 24 hour trading. Join us at 2pm ET and let me know what questions we can answer!
www.youtube.com/watch?v=GI_4...
Let's talk markets! I'm going live with Erik from Outlier Trading at 3pm ET to talk about what's been going on and where we think markets will head. What do you think? What are your questions? Let us know!
www.youtube.com/watch?v=ySx4...
Citadel wants this SEC to make it WAY MORE difficult for future SECs to propose new rules, by imposing an impossible standard for analysis on any interrelated rules.
Citadel explicitly calls out IEX in this "white paper" urging the SEC to take away their protected quote status. IEX must be doing something right...
Citadel doesn't think brokers should have to maintain records for their customers to tell them how their orders were routed.
Also Citadel thinks the CAT should go away - "re-consider the entire project" and it "should be authorized by Congress." Good luck with that... how much did Ken donate to Congress last cycle?
LOL Citadel is upset that brokers and asset managers don't want to trade with them, so they're telling the SEC to get rid of "private rooms" in ATSs.
Oof
Last week the SEC held its 2nd crypto roundtable, on trading of crypto assets/securities. I participated & tried to focus on investor protection and moving trading to exchanges. Today at 2:30pm ET I'll be talking w/Richard Johnson from Texture Capital about it:
www.youtube.com/live/sSidND_...
Last week the SEC held its 2nd crypto roundtable, on trading of crypto assets/securities. I participated & tried to focus on investor protection and moving trading to exchanges. Today at 2:30pm ET I'll be talking w/Richard Johnson from Texture Capital about it:
www.youtube.com/live/sSidND_...
Check out the livestream at sec.gov today at 1pm for the crypto roundtable. I'm looking forward to talking about how to ensure investor protection and prevent market manipulation in crypto, while realizing the promise of this innovative technology.
It always boggles my mind that I, a journalist, am expressly forbidden from trading stocks, but members of Congress, with vastly greater knowledge of market-moving news, are allowed to profit by front-running markets, and so may profit by in essence stealing from the public they represent.