North American Financial 15 Split Corp T.FFN

Shock and awe or yawn?

[flamingogold]

Earlier in the Spring Powell said a 3/4 bps rate hike was off the table. With inflation out of control, the leak is that he will drop the hammer in about an hour on exactly that... a 3/4 pt increase. Markets may have already priced it in though so it may be a yawner.

The wild card though is some are saying he goes up a full 100 bps. That will be a shock an awe event. A 1/2 pt though will see more selling as it may be considered too soft. We will know soon.

[AnEducator]

A half-point hike would almost certainly cause the markets to crater. Investors want inflation to be curtailed as quickly as possible without causing a deep recession - a dovish fed only prolongs the agony and uncertainty. The markets have clearly priced in a three-quarter point hike, but not a full point hike. If Powell goes the full-point route, I have no conviction as to how the markets would

[flamingogold]

The market got what it wants... today. Let's see after the party ends how they feel over the next few sessions. We still have a raging inflation maniac in the room to deal with so ya volatility remains in play.

[Nakate]

He's working it good, A happy market is a good thing but the excesses have to be purged, playing the good fed bad fed cards like a champ

[amugsgame]

Market will probably continue to be rudderless and both FFN and DF won't be paying out to the commons this month. DF may hang on at the current mid $5 level until Monday when the punters hear the news 

[AnEducator]

Is anyone here still short the FFN capital shares? Congratulations to those who exhibited the patience to maintain your position down to these levels. I covered my position far too early. What about DF? The short position on those is sure to be higher than the 175,176 shares as of May 31st. Given the decline in FFN, I would agree with mugs - the current premium looks unsustainable.

[amugsgame]

Still short FFN from arond $6 and covered about 1/3 of position today but I'm long FFN prefs  Also shorted DF a few days ago and waiting for the proverbial $hit to hit the fan with no div this month.