A look ahead to the Fed meeting a couple market reaction scenarios
Ed Moya, Chief Market Strategist at OANDA joins me today to look ahead to the Fed meeting tomorrow. It will be excellent to get past this Fed meeting because of all the back and forth talk that we have been dealing with for over a month now. What will be more important is the future guidance in terms of rate cuts or a continued pause. For investors there are some market moves that should be anticipated for both scenarios.
Click here to visit the OANDA website and follow along with what Ed is writing about.
Chris, if you have some leeway here, can you offer any thought on SOLGOLD?
Not sure what you are specifically interested in — SolGold is not a recommendation of mine for a few different reasons, though their “junior partner” at Cascabel, Cornerstone, is.
That’s interesting because, in my opinion, Cornerstone is the more appealing one — and not just technically.
https://stockcharts.com/h-sc/ui?s=CGP.V&p=D&yr=1&mn=1&dy=0&id=p43069985593&a=679657123
The GOvt……has not been working for the people for 100 yrs.
Other wise you would not have all the DEBT.
The Fed is not anyone’s friend……this is a JOKE….
Get the popcorn out and watch the ruin of a Nation…..
Stiller points to an inflation rate of 1.5% and says target is 2%, and therefore we need a rate hike.
I don’t get the logic.
I though low interest rates and easy money caused inflation, not tight money and higher interest rates.
Besides, historically the Fed has a tendency to be late in doing anything, because of the lag between Fed action and effect.
Are tghere not signs the economy is beginning to slow?
economy looks better than reported:
https://youtu.be/jlzCi2gDXGg?t=14
Ira’s morning update
Pending home sales……….most of these people do not have a clue…when purchasing.
Confidence…….
People feeling wealthy, because of overpriced stock market?
Ira, does a good job……..appreciate the post…
Concern………..Small Business Blood Bath
https://www.zerohedge.com/news/2019-07-31/adp-employment-data-rebounds-small-business-bloodbath-continues
OOPs…….Ira better just stick to the charts…….lol
https://www.zerohedge.com/news/2019-07-31/chicago-pmi-crashes-near-post-crisis-lows
Only 2 components rose month-over-month and New orders, Employment, Production and Order Backlogs all contracting
Business barometer fell at a faster pace, signaling contraction
Prices paid rose at a slower pace, signaling expansion
New orders fell at a faster pace, signaling contraction
Employment fell and the direction reversed, signaling contraction
Inventories rose at a slower pace, signaling expansion
Supplier deliveries rose at a faster pace, signaling expansion
Production fell and the direction reversed, signaling contraction
Order backlogs fell at a slower pace, signaling contraction
This is the worst start to a year for Chicago PMI in at least 30 years…
But……….this is CHICAGO…..
People are moving out of Chicago……wonder why…….lol
Good food for thought from Shiller, at https://www.marketwatch.com/story/the-stock-market-might-need-an-interest-rate-hike-not-a-cut-says-nobel-winning-economist-2019-07-30
As I said yesterday, Powell for just under a year believed these same things. Now he is going to be alternately dragged and then pushed into acting in the opposite direction.