The Fed Faces a ‘Double-Dog Dare’
Oil pressure continues as investors await key inflation news.
Rate-hike expectations are inching higher ahead of the August CPI and PPI data.
The market has been able to absorb several negatives but the pressure is intensifying.
Monetary policy takes center stage as broader selling takes hold.
We exited one holding, and added to three others, upgrading one of them along the way.
When’s the last time you got a call from the Bureau of Labor Statistics? Let’s look at employment and why I kinda agree more with Christopher Waller than Kevin Warsh right now….
Other August Service PMI data was good for GDP forecasts, but that wasn’t the case for job creation.
U.S-Iran fighting escalates, but oil prices dip, ADP’s August jobs figure issues, plus other headlines moving the market this morning.
New lows outnumbered new highs three to one with no rotation or dip buying taking place.
S&P 500 levels to watch, August PMI on deck, Apple’s new sheriff is in town, and other headlines moving the market this morning.