The Quiet Before the Fed Storm

The market is down today but it’s nothing too severe. The strong jobs report from Friday doesn’t seem to have had much impact on the markets. The indicators still show that Wall Street overwhelmingly expects rate cuts soon. Personally, I just don’t see it, but I’m not an FOMC member.

This week, Chairman Powell will testify before Congress. We’ll learn more about where he sees the economy. The questions from the members of Congress usually don’t help the reputation of Congress.

We’ll also get a look at the minutes from the Fed’s last meeting. We’ll also finally get a look at earnings. There hasn’t been much real news on our Buy List stocks in a few weeks.

Posted by on July 8th, 2019 at 1:42 pm


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