The job market is cooling off. As soon as the dollar broke, and there are ideas of a Fed rate cut pause, all of that means rate cuts down the road. Gold takes off. Silver is back to $25 an ounce. The next rally can get up to and fight a battle at the 18-week average of closes. It's probably a month, if not longer. Now the question is, does it punch through it?
This morning we're going to get income and expenditures. The Fed always looks at those numbers, the PCE. So keep your eye on that. Friday, the jobs reports. Then we're going to get a series of CPI and PPI. Those numbers are going to weigh heavily on this market.
About the author
LINN & Associates
Over the past 35-years Ira Epstein has developed a reputation for providing clients with easy to use technology and teaching good old fashioned trading know-how. A number of our brokers have over 30-years trading experience. No matter how technology changes the methods of entering orders, there's no replacement for having "been there and done that before". It's the blend of services that brings things together.
Be it education, market information or trading platforms, we provide solutions.
Ira began in the futures markets in 1969. Over the years he worked his way up, starting from the ground up as a "floor runner" culminating with his becoming a Floor Trader. In the mid 1970s Ira decided to make a career shift within the industry to develop both retail and commercial based clientele. His customer base grew to the point whereby in 1984 he founded "Ira Epstein & Company", a trading firm specializing in retail, commercial and self-directed discount futures trading. Along the way Ira became a leader in trading technology out of necessity, due to increased small lot trade volume. He was among the first to embrace the Internet, which as you know has dramatically changed both the way information is delivered and how trading takes place today.
One of the ways Ira, along with his brokers showcase their talents is through e-mails of market information and Ira's "Futures Videos", which can be viewed on our website, through Market Center, Linn-IraChart Software and on YouTube.