Steve, agree with you completely about taking some darn profits
today. Given how far and fast we've run it feels like the market is
already pricing in a deal with Mexico given how little it reacted
late yesterday to the Sarah Sanders announcement. Short term
there's probably a lot more risk in a no deal over the weekend than
upside in a deal. Besides, what the market really wanted was
continuing help from the Fed and it sure loved those weak job
numbers.
Don't really know why the FED would lower rates when rates are
not high in a strong economy and job market. If they do
start lowing rates again, what can they do when there really is a
recession.
On another note, nice to see WEYL finally taking off.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Steve, agree with you completely
Message today is to take some darn profits on these ...
Posted by puma on 7th of Jun 2019 at 01:31 pm
Steve, agree with you completely about taking some darn profits today. Given how far and fast we've run it feels like the market is already pricing in a deal with Mexico given how little it reacted late yesterday to the Sarah Sanders announcement. Short term there's probably a lot more risk in a no deal over the weekend than upside in a deal. Besides, what the market really wanted was continuing help from the Fed and it sure loved those weak job numbers.
Don't really know why the
Posted by EdZ on 7th of Jun 2019 at 01:52 pm
Don't really know why the FED would lower rates when rates are not high in a strong economy and job market. If they do start lowing rates again, what can they do when there really is a recession.
On another note, nice to see WEYL finally taking off.