GOLDMAN SEES CORE PCE AT 0.23%
Goldman Sachs expects July core PCE to rise 0.23% M/M, slightly above core CPI and consensus.
Portfolio management fees are expected to add 8 bps, reflecting Q2 equity gains.
Goldman says upcoming methodology changes could create volatility in PCE readings and lower annual core inflation.
The bank expects core inflation near 0.2% in August and sees the Fed holding rates steady through year-end.
BREAKING: The CBOE total put-to-call ratio is down to 0.78 on a 10-day moving average basis, the lowest since May 2025.
This is also the 3rd-lowest level since November 2021.
The ratio is down -0.23 points from the early-April high of 1.01 as the market has experienced a historic run.
Furthermore, the equity put-to-call ratio is down to 0.60 on a 10-day moving average basis, the lowest since November 2021.
This is down -0.30 points since the first week of April.
Puts are under serious pressure.
Sold all of my HIFI just now at 0.23 because the trend seems break + on May 12th Upbit will delist it on KRW trading pair making this call option narrative trade invalid.
Ferrari said the goal of the Luce EV’s design was to achieve the lowest coefficient of drag.
The Luce has a 0.254 Cd.
For some comparison:
• Model S: 0.208 Cd
• Model 3: 0.219 Cd
• Model Y: 0.23 Cd
• Model X: 024 Cd
Just proves that having the lowest possible Cd doesn’t mean you have to design an ugly car.