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Morning Buygold

Posted by goldielocks @ 7:30 on August 31, 2023  

Looks like everyone’s sleeping in but don’t know time zone for maddog. It’s only after 4 am here and not trading today’s  so Im going back to sleep.
Yep PCE today. Yesterday rally helped by dollar down,  slowing retail, jobs report what a way to bring the market up cuz their still watching the Fed. Good news for the market bad news for the economy what a oxymoron other than relief from chances of a rate hike.
Risk though is will they be able to control the damage or will it continue to spiral and signal a recession. Retail doesn’t expect a lackluster holiday season. I guess Bitcoin got a boost from some Crypto ETFs deals.
That link you posted I haven’t read yet looks pretty scary. If they ever do crash the market and economy I hope there’s a call to end the Fed.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.