Repo Market needs Fed to interfere for infinite. Corporate Cash Flow -15% from a year ago. Stock buy backs loosing Steam. PMI bellow 50. Can go on and on
I think we are in a recession right now, or started third quarter of 2019 and followed by first rate Cut. Fed is fighting recession. Fed went up by $250+ billion in 6 weeks and faster than Q3.
Put on your seat belts!!!
Likely scenario, FED cuts, gold rallies, Friday retail numbers come in super strong, gold crashes back. Another scenario, FED doesn't cut, gold crashes some, retail numbers come strong, gold crashes completely. Or, FED doesn't cut, DJI loses momentum, retail numbers come way below, DJI crashes 10-15%, in protest to the FED. Whatever crashes, the FED decision will have to do with it..