“China Wants U.S. Clues On Fed Rate Hike Timing”
Ha, ha, ha, that would be insider trading, and I don’t think the Fed knows what they are going to do any way.
Good morning! Winding down the week and the stock rally continues "Broad gains, mixed volume" and the distribution day count lowers to 7/NASDAQ and 6/S&P500. Gold/siver fade from recent highs and are now at $1,227.75/$16.48 and futures traders today see stock indexes +0.61% and metals -0.21%.
Reports:
8:30 AM Initial Claims
8:30 AM Continuing Claims
8:30 AM Durable Orders
8:30 AM Durable Orders, ex-transportation
10:00 AM Pending Home Sales
10:30 AM Natural Gas Inventories
fwiw:
Killing Off the Ugly Regulatory Parasite - Richard Rahn, Washington Times
How the Oil & Credit Markets Became Linked - Simon Constable,U.S. News
Don't Let Lost Decade Harm Your Retirement - Eric Nelson, Seeking Alpha
What Gundlach Says S&P Must Do to Prove Itself - Mark DeCambre, MW
Reason Why Investors Are Ignoring the Fed - Caroline Baum, MarketWatch
'Gig Economy' Is Great for U.S. Economy - Ike Brannon, Weekly Standard
If rates are hiked, economy is further wrecked; if they are not, same thing. I can see raising them right before 0bama, “leaves”. Then, media blames Trump and all heck breaks loose. Of course, he could do it sooner and cancel election due to chaos and need for martial law. Hmm.
Is he that dastardly (translated: evil chaotic hell-raiser demon from hell). Yeah, he is.
It’s abundantly clear they will do NOTHING until after the election.