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Markets will focus on Chair Jerome Powell’s opening remarks at a Fed Listens event at 2 p.m. after the central bank
gave the clearest signal yet that it’s willing to tolerate a recession as the necessary trade-off for regaining control of inflation.
US data include S&P Global services and manufacturing PMI after private-sector activity in the euro zonecontracted for a third month.
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BUYGOLD–I doubt Powell would throw mkts. a bone…but I am sure there is pressure from the dems to Dave stocks before the election…I think that will be hard to do…Wall St is finally realizing that America is switching over to socialism/communism and that those in power are profoundly hostile to capitalism
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Captain Hook has been saying for a long time to expect stocks and gold to crash–He has a buy target of approximately $20 on GDX as some kind of marker for a PM sector bottom in November.