All times Wall Street hours
Monday- market closed
Tuesday- building permits 8:30am, FOMC member Williams 11:45am
Wednesday- FED CHAIR POWELL Testifies 10am FOMC members Cook, Jefferson & Goolsbee speak starting at 10am
Thursday- FOMC Waller 4am, unemployment claims 8:30am, Bowman speaks 9:55am, FED CHAIR POWELL testifies 10am, existing home sales 10am,
Friday- Manufacturing & Service PMI 9:45am
Alright we have a full week of FED talk with J Powell testifying Wednesday and Thursday. Be prepared for any dips to be bought up I really don’t think we will hit 430 without any news. Also thinking this weekend about rates I’m starting to believe they are done, why would they raise in July when CPI will probably under 4. It doesn’t make sense to raise at say 3.6 when we were just at 4. Anyway if you want to be bearish head over to health and energy for now other than that everything is pumping for now. What will break this trend? For now trade the sentiment. Always remember, people are fearful when they should be hopeful, people are hopeful when they should be fearful.
As always trade what’s in front of you good luck
Monday- market closed
Tuesday- building permits 8:30am, FOMC member Williams 11:45am
Wednesday- FED CHAIR POWELL Testifies 10am FOMC members Cook, Jefferson & Goolsbee speak starting at 10am
Thursday- FOMC Waller 4am, unemployment claims 8:30am, Bowman speaks 9:55am, FED CHAIR POWELL testifies 10am, existing home sales 10am,
Friday- Manufacturing & Service PMI 9:45am
Alright we have a full week of FED talk with J Powell testifying Wednesday and Thursday. Be prepared for any dips to be bought up I really don’t think we will hit 430 without any news. Also thinking this weekend about rates I’m starting to believe they are done, why would they raise in July when CPI will probably under 4. It doesn’t make sense to raise at say 3.6 when we were just at 4. Anyway if you want to be bearish head over to health and energy for now other than that everything is pumping for now. What will break this trend? For now trade the sentiment. Always remember, people are fearful when they should be hopeful, people are hopeful when they should be fearful.
As always trade what’s in front of you good luck