Baytex Energy Corp T.BTE

75 points priced in?

[TheWokeLemming]

Do we get liftoff once confirmed at 2 pm EST?  Will guidance smack down the market?  

EIA report out in 25 minutes.

[BayStreetWolfTO]

I think most expect 75 bps....if it was less I would be shocked

[Snowballer]

Funny how suddenly this went from a 50 bps from two or three weeks ago to now 75 bps narrative... The media has jawboned up this expectation along with the big banks. 

[dllscwbysfn]

 They could easily go a full point. Inflation is way worse than they are letting on.

[TheWokeLemming]

Belief is that it was leaked by the Fed so the market won't be shocked when it happens later today.   I suspect we see a selloff going into 2 pm on the fears it may be a full point. My opinion only.  

[Chrisinvan7]

My bet is the fed hikes 50 BPS and 'surprises' the market causing an EOD rally. Powell talks 'tough' in the press conference, but he's all bark, no bite.

[Moemoney42]

I agree.. I think 50 bps is the call.. going forward its the "talk" that will be watched closely.. is it hawkish or dovish..? the markets and manic analysts need to let the rate increases time to show up in the numbers, instead of running around with their hair on fire.. :-/  interest rate hikes won't solve supply chain issues or lack of investment in the O&G industry, which

[BayStreetWolfTO]

Interesting Moe, I thought maybe they actual do 1 full point and surprise the market the other way...supress things through the summer and release the pressure heading into fall.... Short-term pain...long-term gain? I would still be shocked with a 50 bps....it will be interesting....exciting day!

[TheWokeLemming]

My bet is 75.  I do believe they telegraphed it the last 2 days.  We will see.  Good luck all!

[Chrisinvan7]

Agreed. Plus they can only get to about 2.0 - 2.25 in this cycle before the market collapses and they restart QE, so smaller hikes makes the most sense - it keeps the charade that they're fighting inflation going as long as possible.   The fed cannot actually fight inflation given debt levels, they're only move is to pretend they are for as long as they can.