| | Here's the Backstory on Those Potential Fed Rate Cuts
By Brandon Chapman | Tiff Macklem and the Bank of Canada moved to cut overnight rates 25 basis points this week. Then, today, Christine Lagarde's European Central Bank cut Eurozone rates 25 basis points.
So now everyone and their mother wants to know if Jerome Powell and the Federal Reserve are going to follow suit - sometime soon.
Fed funds futures suggest a cut is likely in September (but watch out if jobs numbers are weaker than expected). | But something's off. The dollar should be ripping in this environment; it isn't. In fact, if you look at movements in commodities and emerging markets, it looks like the greenback is weakening. That's the real consequence of poor, debt-driven policy and a decade of artificially low interest rates. Whatever you think you're going to gain by lower rates is taken away by higher costs.
Then again, the story of rate cuts in the late stages of an economic cycle is really about trying to hold onto something you've already lost.
The dollar may weaken further, and it might even lift stocks, but this video is about finding what's likely to outperform…. | | TheoTrade Daily Chatroom Schedule for Friday, June 7, 2024
8:45 AM to 9:20 AM: Blake Young and Brandon Chapman host TheoTrade Live
9:20 AM to 10:00 AM: I'll call the action at the cash open
10:00 AM to 11:00 AM: Tony Rago takes on NQ, NASDAQ futures
11:00 AM to 12:00 PM: Blake will share his top charts
12:00 PM to 1:00 PM: Prof. Jeff Bierman shows you how to trade
1:00 PM to 2:00 PM: Gianni Di Poce tackles the market
2:00 PM to 3:00 PM: Brandon looks at the week's top performers
3:00 PM to 4:00 PM: Corey Rosenbloom goes after range and trend plays
Blake Young's "Retirement Rocket" Replay Is Up
This was an incredible presentation - Blake showed, in black and white, how easy it is to not only beat the S&P 500 by 100%... but also make an end run around Wall Street's greediest fatcats. If you're preparing to watch this, congratulations - you've paid your last "performance fee." Check out what Blake has to say about securing your own retirement…
Corey Rosenbloom's Crude Oil Target Is in Sight | |
Some Stocks to Avoid Right Now
In our traders' group chat, some popular names came up as looking really weak: BIIB, KHC, INTC, EMR, AVGO, and PFE.
Brandon Chapman's PayPal Trade
| | We'll talk again soon, | | Don Kaufman
Co-Founder, TheoTrade |
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