“You can’t hit a home run unless you step up to the plate. You can’t catch a fish unless you put your line in the water. You can’t reach your goals if you don’t try.” – Kathy Seligman
DXY back to neutral as we wait for the Fed. As we’ve been discussing, it’s the only game in town.
Remember to keep in mind that today is a half day and that markets will likely be thin despite NFP release on Friday due to 4th July holiday schedules.
The market decided to ignore headlines our of Fed’s Mester – “markets have priced in rate cuts, my interpretation is that they have put a lot of lean on that weak growth scenario… you want to infer a signal from that but some of it is noise & the markets have shown they are not always correct about where the economy is going.” – we will be very curious to see what comes out of her Bloomberg interview later on today.
ICYMI, here is our latest outlook video:
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