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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Paul Shread who wrote (18661)9/13/2001 1:54:16 PM
From: Chris  Read Replies (1) of 52237
 
10:54 ET U of M Sentiment Released Early : The University of Michigan report has been released a day early. The index fell 7.9 pts 83.6, well below the 91.5 consensus. All respondents to the survey reported by Monday night, so numbers do not reflect Tuesday's events in NYC.

briefing
05 ET Traders Betting On 50 BP Ease : The steep decline in the U of Michigan consumer sentiment index has added fuel to the scenario of an aggressive Fed easing. The fed funds futures are now pricing in full expectation of a 50 basis point rate reduction by the October 2 FOMC meeting, and a surprisingly strong 30% probability of a 75 bp cut.
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