{"id":73286,"date":"2024-01-10T09:02:24","date_gmt":"2024-01-10T14:02:24","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=73286"},"modified":"2024-01-10T09:02:24","modified_gmt":"2024-01-10T14:02:24","slug":"coffee-with-greta-waiting-game-2","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/01\/10\/coffee-with-greta-waiting-game-2\/","title":{"rendered":"Coffee With Greta: Waiting Game"},"content":{"rendered":"

DJIA Futures: <\/b>-12 (-0.03%)<\/span><\/p>\n

SPX Futures: <\/b>-3 (-0.1%)<\/span><\/p>\n

NASDAQ Futures: <\/b>-13 (-0.1%)<\/span><\/p>\n

Good morning friends!<\/span><\/p>\n

Futures are flat as traders await key inflation data on Thursday.<\/span><\/p>\n

Let\u2019s get right to it!<\/span><\/p>\n

Waiting For Data<\/span><\/h2>\n

Stocks seem to be in a bit of a holding pattern as traders await key economic data on Thursday.\u00a0<\/span><\/p>\n

The December CPI is set to be released at 8:30 a.m. ET tomorrow.\u00a0<\/span><\/p>\n

Economists expect headline CPI to have risen 0.2% monthly and 3.2% annually with the core CPI up 0.3% monthly and 3.8% annually.\u00a0<\/span><\/p>\n

Traders will be looking at this data for more clues on when the Fed may start cutting rates.\u00a0<\/span><\/p>\n

The central bank\u2019s first meeting of the year is January 30-31.\u00a0<\/span><\/p>\n

CME Group\u2019s FedWatch Tool shows over 95% of traders expecting no rate change at that meeting with over 66% anticipating the first cut at the next meeting on March 20.<\/span><\/p>\n

Crypto Stocks Drop<\/span><\/h2>\n

Crypto-related stocks are pulling back this morning after a false post from the SEC\u2019s X account that it had approved bitcoin ETFs for trading.\u00a0<\/span><\/p>\n

Bitcoin prices quickly spiked after that post but then slid below $46,000 and is currently trading around $45,100.\u00a0<\/span><\/p>\n

Coinbase <\/b>(COIN) shares are down 3.3% ahead of the open, <\/span>Marathon Digital Holdings <\/b>(MARA) shares are down 3.8%, and <\/span>Riot Platforms <\/b>(RIOT) are 3.4% lower.\u00a0<\/span><\/p>\n

The SEC later deleted the post and said its X account had been compromised.\u00a0<\/span><\/p>\n

A spokesperson said, \u201cThe SEC will work with law enforcement and our partners across government to investigate the matter and determine appropriate next steps relating to both the unauthorized access and any related misconduct.\u201d<\/span><\/p>\n

The Commission is expected to make a decision on bitcoin ETFs this week.<\/span><\/p>\n

Lennar Hikes Dividend<\/span><\/h2>\n

Lennar <\/b>(LEN) shares are up 2.2% in premarket trade after raising its annual dividend by 33%.\u00a0<\/span><\/p>\n

The homebuilder increased its dividend by $0.50 to $2.00 a share.\u00a0<\/span><\/p>\n

The company\u2019s board also authorized a $5 billion increase to its buyback program.\u00a0<\/span><\/p>\n

The Co-CEO said, \u201cGiven the strength of our balance sheet, our strong cash position and our operating strategy driving cash flow, we are focusing more of our capital allocation on maximizing total shareholder returns.\u201d<\/span><\/p>\n

Mortgage Demand Jumps<\/span><\/h2>\n

Mortgage demand jumped at the start of the New Year even as rates rose slightly.\u00a0<\/span><\/p>\n

The Mortgage Bankers Association reported total application volume rose 9.9% from the previous week.\u00a0<\/span><\/p>\n

Purchase applications rose 6% weekly and were down 16% year over year.\u00a0<\/span><\/p>\n

Refinance applications surged 19% weekly and were 30% from a year ago.\u00a0<\/span><\/p>\n

The average 30-year fixed contract rate increased to 6.81% from 6.76%.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

DJIA Futures: -12 (-0.03%) SPX Futures: -3 (-0.1%) NASDAQ Futures: -13 (-0.1%) Good morning friends! Futures are flat as traders await key inflation data on Thursday. Let\u2019s get right to it! Waiting For Data Stocks seem to be in a bit of a holding pattern as traders await key economic data on Thursday.\u00a0 The December CPI is set to be released at 8:30 a.m. ET tomorrow.\u00a0 Economists expect headline CPI to have risen 0.2% monthly and 3.2% annually with the core CPI up 0.3% monthly and 3.8% annually.\u00a0 Traders will be looking at this data for more clues on when the Fed may start cutting rates.\u00a0 The central bank\u2019s first meeting of the year is January 30-31.\u00a0 CME Group\u2019s FedWatch Tool shows over 95% of traders expecting no rate change at that meeting with over 66% anticipating the first cut at the next meeting on March 20. Crypto Stocks Drop Crypto-related stocks are pulling back this morning after a false post from the SEC\u2019s X account that it had approved bitcoin ETFs for trading.\u00a0 Bitcoin prices quickly spiked after that post but then slid below $46,000 and is currently trading around $45,100.\u00a0 Coinbase (COIN) shares are down 3.3% ahead of the open, Marathon Digital Holdings (MARA) shares are down 3.8%, and Riot Platforms (RIOT) are 3.4% lower.\u00a0 The SEC later deleted the post and said its X account had been compromised.\u00a0 A spokesperson said, \u201cThe SEC will work with law enforcement and our partners across government to investigate the matter and determine appropriate next steps relating to both the unauthorized access and any related misconduct.\u201d The Commission is expected to make a decision on bitcoin ETFs this week. Lennar Hikes Dividend Lennar (LEN) shares are up 2.2% in premarket trade after raising its annual dividend by 33%.\u00a0 The homebuilder increased its dividend by $0.50 to $2.00 a share.\u00a0 The company\u2019s board also authorized a $5 billion increase to its buyback program.\u00a0 The Co-CEO said, \u201cGiven the strength of our balance sheet, our strong cash position and our operating strategy driving cash flow, we are focusing more of our capital allocation on maximizing total shareholder returns.\u201d Mortgage Demand Jumps Mortgage demand jumped at the start of the New Year even as rates rose slightly.\u00a0 The Mortgage Bankers Association reported total application volume rose 9.9% from the previous week.\u00a0 Purchase applications rose 6% weekly and were down 16% year over year.\u00a0 Refinance applications surged 19% weekly and were 30% from a year ago.\u00a0 The average 30-year fixed contract rate increased to 6.81% from 6.76%.\u00a0<\/p>\n","protected":false},"author":41,"featured_media":73310,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[739],"tags":[],"class_list":["post-73286","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coffee-with-greta"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=73286"}],"version-history":[{"count":2,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73286\/revisions"}],"predecessor-version":[{"id":73311,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/73286\/revisions\/73311"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/73310"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=73286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=73286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=73286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}