Loading ...I read a ZH article yesterday that kind of summarized what Powell said in the press conference afterward. He was sort of dovish. One thing stuck out to me that Powell said; “we could start to cut rates before inflation hits our target of 2%”
So, the USD is down pretty good this am working its way down toward 100 on the index. Technically, the dollar filled the gap perfectly and is heading back down as it should be, I would think to make lower lows.
We’re pretty flat, but that is to be expected the morning after. PM’s not getting hit today would be a change in a very long trend. Clearly, we should be soaring, but they won’t allow that because it would make the Fed look weak – can’t have that. However, last time the USD headed south there was a bit of a lag before gold and silver got going, so hoping we’ll get our “make up” move in the coming days.
Oil creeping up toward 80 at $79.50. The 10 yr. is up a bip to 3.866%. Tech stocks are loving life and screaming higher. Course we must have the dollar and rates falling together to have a decent move. Silver is looks better for now.
The shares look healthy premarket. Sadly, caution is warranted for today methinks.
August looms.