Alright subs we have the FOMC in a few hours, which is widely expected to hold the Fed Funds rate unchanged. We will also get a new FOMC dot plot with the potential rate trajectory. We will await to see the pressor and what new details JPowell can supply us with. We suspect he will start to reveal a weakening economy to pave the way for future rate cuts!
We would love for a journalist to ask the great question we all want the answer to and that is why does the FOMC grow their asset base at 9.8% annualized when their inflation mandate is 2%!
Ok we will bring more info later, but let’s get to our trackers:
Magnelibra Settlement Sheet- We rolled the DAX to June:
Magnelibra 5&30Day Rolling Changes, Copper is the big 30day winner now +8.11% and Bitcoin still the loser -12.66% followed closely by the Nasdaq -12.31%:
