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Investment Strategies / Mechanical Investing
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Author: lizgdal   😊 😞
Number: of 3957 
Subject: Re: SmallCap Trend Change
Date: 07/13/2024 9:48 AM
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CPI for June was lower than expected. There will likely be a rate cut at the September 18th Fed meeting, and the market is pricing that in. But the Fed could delay the cut until the November 7th meeting, and this would make the market unhappy for a few weeks in September and October. (SAHMREALTIME is nearing the 0.5 recession indicator level. Signs of a recession will prompt the Fed to cut rates. Inflation is under control. CPI is 3.0% and falling fast toward the 2.3% Fed target. PCE could hit the 2.0% Fed target in September, but that data won't be released until late October.)
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