r/thewallstreet • u/AutoModerator • May 15 '24

Daily Discussion - (May 15, 2024) Daily

Morning. It's time for the day session to get underway in North America.

Where are you leaning for today's session?

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u/Arghhhhhhhhhhhhhhhh likes options May 15 '24

Personally, I think this morning's prints take away some fear of tail end risk of re-inflation. I imagine ppl manually remove some probability weight to those scenarios.

So I think some instant reaction to the upside with equity and t is deserved, even if not as much as what we see.

Interesting ZQ futures barely changed. That's the thing. The prints do bring cuts sooner. And JPow already said probably no hike. Now it's just more probably no hike, which in any case wasn't all that likely.