The stock market

If NFP comes out OK and 5150 holds on SPX might get a bounce tomorrow (how long who knows). Otherwise, 5000 in the next major support level, not much gamma between.

[URL unfurl="true"]https://www.foxbusiness.com/markets/average-wall-street-bonus-dipped-to-176500-last-year[/URL]

I must have missed this one when it first came out.

The total Wall Street bonus pool was $33.8 billion in 2023, largely in line with what was paid out in 2022. It represents a sharp decline from the 25% growth in** 2020 ($37.1 billion) and the 15% surge in 2021 ($42.7 billion). *[SIZE=5]- Take note of those years. Remember, represents business.[/SIZE]***
[SIZE=4]The comptroller noted that Wall Street bonuses have a significant impact on the budgets of [New York City]('https://www.foxnews.com/category/us/new-york-city') and the state, accounting for 7% and 27.4% of their tax collections, respectively.

Not sure why no discussion of exodus from NYC for these jobs. Empty buildings. Major players reducing footprint by 50%. Florida has become the recipient of most of the security industry transfers - [/SIZE][SIZE=5]Saving up to 13% in taxes on the same income. [/SIZE]

[SIZE=4]The [securities industry]('https://www.foxbusiness.com/markets') employed roughly 198,500 people in New York City last year, up from 191,600 in 2022. DiNapoli estimates that 1 in 11 jobs in the city is either directly or indirectly associated with the sector. [/SIZE][SIZE=5]- Now I get it. These people are on the payroll, but NOT in NYC. Remote and transfers to other locations still sitting on NYS/NYC payrolls. Skeptical of these numbers.[/SIZE]

[URL unfurl="true"]https://finance.yahoo.com/news/us-economy-adds-303000-jobs-unemployment-falls-to-38-in-march-as-labor-market-continues-to-impress-123226886.html[/URL]

I will look around for the breakdown of what sectors show this increase.

Don't let political pressure force the decrease in rates!

[URL unfurl="true"]https://finance.yahoo.com/news/stocks-under-pressure-jobs-data-220903022.html[/URL]

[URL unfurl="true"]https://finance.yahoo.com/news/oil-rises-further-middle-east-232803117.html[/URL]

[URL unfurl="true"]https://finance.yahoo.com/news/the-feds-decision-on-rates-isnt-getting-any-easier-152422370.html[/URL]

Still saying no rate cute in June.

Starting to think end of year. After the election. It will test the fortitude of Powell.

[URL unfurl="true"]https://finance.yahoo.com/news/jpmorgans-jamie-dimon-is-worried-about-stickier-inflation-and-higher-rates-102329136.html[/URL]

[URL unfurl="true"]https://finance.yahoo.com/news/stock-market-today-us-futures-stall-as-focus-turns-to-big-week-ahead-115008328.html[/URL]

[URL unfurl="true"]https://finance.yahoo.com/news/doctors-making-350-000-struggling-122412549.html[/URL]

Good read.

[URL unfurl="true"]https://www.yahoo.com/finance/news/p-500-just-did-something-084500607.html[/URL]

[URL unfurl="true"]https://finance.yahoo.com/news/stock-market-today-us-futures-in-holding-pattern-in-wait-for-cpi-111042837.html[/URL]

[URL unfurl="true"]https://finance.yahoo.com/news/stock-market-today-us-stocks-turn-lower-ahead-of-cpi-inflation-data-144359503.html[/URL]

[URL unfurl="true"]https://finance.yahoo.com/news/boeing-deliveries-drop-half-march-150803577.html[/URL]

[[COLOR=rgb(184, 49, 47)][SIZE=4]Way to go guys.....................[/SIZE][/COLOR]]('https://www.yahoo.com/news/rocket-lab-launched-us-spy-170000343.html')

[COLOR=rgb(0, 0, 0)][SIZE=3]Let's keep it up. Stock up 1.68% today. The little engine that could..........................
[URL unfurl="true"]https://finance.yahoo.com/news/u-space-force-awards-rocket-223000170.html[/URL]
(y) [/SIZE][/COLOR]

[[COLOR=rgb(184, 49, 47)][SIZE=4]Way to go guys.....................[/SIZE][/COLOR]]('https://www.yahoo.com/news/rocket-lab-launched-us-spy-170000343.html')

[COLOR=rgb(0, 0, 0)][SIZE=3]Let's keep it up. Stock up 1.68% today. The little engine that could..........................
[URL unfurl="true"]https://finance.yahoo.com/news/u-space-force-awards-rocket-223000170.html[/URL][/SIZE][/COLOR]
[COLOR=rgb(0, 0, 0)][SIZE=3](y)[/SIZE][/COLOR]

I got shares of it also

[URL unfurl="true"]https://finance.yahoo.com/news/inflation-expected-to-remain-elevated-as-rate-cut-debate-takes-center-stage-195802788.html[/URL]

The inflation report, set for release at 8:30 a.m. ET, is expected to show headline inflation of 3.4%, an acceleration from [February's 3.2% annual gain in prices]('https://finance.yahoo.com/news/consumer-prices-rise-more-than-forecast-as-inflation-pressures-persist-123226166.html'), according to estimates from Bloomberg. [Higher energy costs]('https://finance.yahoo.com/news/oil-prices-just-rose-above-90--heres-how-they-could-get-to-100-152901669.html'), fueled by a jump in gas prices, are expected to have driven the increase.

Investors now anticipate just two and a half 25-basis-point cuts this year, down from the six cuts expected at the start of the year, according to Bloomberg data. Atlanta Fed president [Raphael Bostic sees one rate cut]('https://finance.yahoo.com/news/feds-bostic-still-expects-1-rate-cut-in-2024-but-doesnt-rule-out-0-or-2-210356957.html') in in 2024, but isn't ruling out the possibility of two or zero, he told Yahoo Finance on Tuesday.

Leave the rates alone.

[URL unfurl="true"]https://finance.yahoo.com/news/us-mortgage-rates-top-7-110000384.html[/URL]

[URL unfurl="true"]https://www.investors.com/news/economy/cpi-inflation-rate-march-fed-rate-cuts-sp-500/[/URL]

After the CPI inflation data, markets were pricing in [21% odds]('https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html') of a Fed rate cut by June 12, down from 54% ahead of the report.

Bidenomics firing on all cylinders!

[URL unfurl="true"]https://finance.yahoo.com/news/stock-market-today-stocks-sink-as-hot-inflation-torpedoes-rate-cut-hopes-130403797.html[/URL]

[URL unfurl="true"]https://finance.yahoo.com/news/stock-market-today-us-futures-pare-losses-as-wholesale-inflation-cools-124432056.html[/URL]