Financial market overview
Inflation, Recession, or Soft Landing?
2024.08.01 02:53
I discussed , , , , the Economic Modern Family and what I see as future trends for investing in an interview recently.
Later, the announced they would keep rates the same.
But they also hinted there might be a cut in September.
Traditionally, the FED always gives us forward guidance or relays when they are going to change monetary policy.
Except, of course, if there is a crisis impending, which is an example of chaos theory.
The bottom line is the original statement in the interview is the title of this Daily.
Are we headed for a new round of inflation, recession, or a soft landing?
The market will tell us and until then it really is anybody’s guess.
ETF Summary
- S&P 500 (SPY) 540 support
- Russell 2000 (IWM) 217 support 227 resistance
- Dow (DIA) 400 support
- Nasdaq (QQQ) support at 463
- Regional banks (KRE) 54 now support with 60 next level to watch
- Semiconductors (SMH) 230 important support
- Transportation (IYT) 64.10 support 67 resistance
- Biotechnology (IBB) 146 support 150 resistance
- Retail (XRT) 77.50 now support
- iShares iBoxx Hi Yd Cor Bond ETF (HYG) 78.00 support
