It’s been a couple weeks since my last post. Haven’t had a ton of inspiration from this rangebound market. There’s a chance here that we might break the range, so I figured I’d write. As Denny Green said, they were who we thought they were. Frankly, I was a bit surprised that the May number tanked. I was looking more to June, but for anyone who has been following my blog, you know this has been in the cards for some time. Where does the Fed go from here? Boy it’s tough to predict 2 more hikes at this point. And I love how the media brushes that under the carpet. Now I’m reading maybe September, but we haven’t even had the June meeting!!! Just a month or so ago seemed to be a fait accompli, right?!?!
I guess I wasn’t so crazy calling for a test of 2% in April. At the end of the day, all my talk about a new range and the truth is we are still stuck in my biggest range of them all and that’s #lowerforlonger. I hate to sound like a broken record all the time, but haven’t we heard this song before??
#lowerforlonger #homeontherange #whatcomesaroundgoesaround #whatrecovery? #itain’tbroke #haveyoufeltit? #afunnythinghappenedonthewayto3%