Reminders from today's data and for next week:
1) Consumer income below expectations.
2) Consumer sentiment below expectations.
3) Balance Sheet run-off begins June 1 (Next Wed)
Chart credit: #VMBreakouts#QT vs $SPX$SPY
fyi to @ScottWapnerCNBC
Just a reminder, #QT starts next week. FED will start unloading $47.B per month off their balance sheet and scale to $95B per month after 3 months. Is this priced in? Let’s watch…federalreserve.gov/newsevent…
Just wow. We now find out that this corrupt govt has got the Solicitor General to appear in the High Court in an internal liberal party factional dispute. Unbelievable use of tax payers’ $. No wonder this mob don’t want an anti corruption commission! #auspol#qt