Wednesday, June 5, 2024

Is everything bigger in Texas?

Are interest rate cuts coming?
 
   
     
Wednesday, June 5th
"There are people who appear to think only with the brain, while others think with all the body and all the soul, with the blood, with the marrow of the bones, with the heart, with the lungs, with the belly, with the life."

— Miguel de Unamuno
____________________________________________________
---------- Markets Today ----------
 
🌏 Asia-Pacific: Down
🇪🇺 Europe: Up
🇺🇸 United States: Up
🛢️Oil: Up
⚡Crypto: Up

 
------- Major Market Events -------
 
Is everything bigger in Texas? Bye NYSE...Texas could soon have its own stock market (link)
 
ADP Jobs Report Misses: the actualy number of new jobs fell way below expecations (link
 
Manufacturing activity surges: The ISM data is out...and does it signal that the economy is picking up? (link)
🤔 My Thoughts
 
Canada just cut interest rates by 25 basis points, becoming the first G7 country to cut interest rates. Who will be next? Probably the ECB, then the U.S. Fed. 

But inflation isn't tamed. Cutting rates into reinflation will cause...hyperinflation. But the central banks can't do anything. Why? because we're at the end of a massive centrally-planned credit bust. And tey're tryiong to delay the painful effects as long as the can. 

But rather than rip the band-aid off for a medium amount of pain, they will try to keep it going for longer. And the longer they go, the more pain there will be when the music ends.
To Better Trading, 

Alex Reid
Founder, Wealthpin 
 
WealthPin
   
     
   
 

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