Tuesday, the 29th of November, the last Tuesday in November, the Penn Ultimate Day of the month of November, 30 days has September, April, June, Dan, and November.

This is Market Call 1 p.m. Eastern Time. That's Dan, Nathan. A very upset guy, Adami here, Ranger

hockey at this sort of quarter pole, not going particularly well. We'll talk about that later

in a show, I'm sure. But this episode of Market Call brought

you by CME Group where risk meets opportunity and obviously facts that are data partners.

They use all, we use all of their charts, all of their graphics. It's wonderful. Dan,

how are you? I'm doing well. You are in a mood these last few days here between your your giants

your rangers your yankees about to lose the judge it's not a pretty time for you guy but

but here's the thing okay um it hasn't been a pretty time i i think this post holiday malaise

that we're seeing in the markets i don don't know, man, we got,

we got Jerome Powell tomorrow speaking. I'm really surprised if there's something that comes out

of his mouth that kind of, you know, gets the market ripping higher. I just don't think he's

going to foreshadow the thing that Bowls want to hear that they are going to really, I don't know,

kind of slow down at least the pace of hikes.

You brought this up is like, fine.

We all know, look at the CME Fed Funds tracker here.

We see that 75 basis point hikes are off the table now.

But really, it comes down to quantitative tightening, right?

I mean, this is really the issue. So if you're

taking liquidity out, it gets to be a more difficult environment for risk assets.

Balance sheet runoff. And to your point about Jerome Powell, the question you have to ask

yourself is this. Nothing's broken out there. The credit markets are not broken. Unemployment

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