Pascal
07-27-2015, 12:18 PM
The story of the day is that defensive/income based sectors are doing well.
This tells us that the market expects the Fed to delay tightening until "conditions improve".
I believe that general equities will continue to weaken today and will start to bounce tomorrow while traders will try to front run a "non-hawkish" Fed.
This is also why the US$ is down and Gold is up.
Short traders in the PM sector will have to cover their shorts before Wednesday.
Pascal
31389
31390
This tells us that the market expects the Fed to delay tightening until "conditions improve".
I believe that general equities will continue to weaken today and will start to bounce tomorrow while traders will try to front run a "non-hawkish" Fed.
This is also why the US$ is down and Gold is up.
Short traders in the PM sector will have to cover their shorts before Wednesday.
Pascal
31389
31390