🚨🚨The Key to the September Discount is Today

At 15:30, US PPI and Initial Jobless Claims,

At 21:00, Fed member Barkin's speech...

Expectation: PPI 2.5% – Jobless claims around 225K.

The market has already bought into the September discount story, but Barkin's cautious stance is noteworthy.

If the data comes in soft → expectations for a rate cut will flare up 🔥

If the data comes in strong → short-term profit realization is on the table.

I think, the data will be slightly dovish, and Barkin will be neutral/cautious. This will keep the expectation for the September discount alive.

If you were in my position, would you see today's picture as an opportunity or a risk?

🔁 RT, share your thoughts in the comments!