Daly came out over the week-end yakking that “the time is upon us” to cut interest rates, Asked if there is anything that could derail a rate cut at the U.S. central bank’s Sept. 17-18 policy meeting, Daly told Bloomberg TV that it “would be hard to imagine at this point.”
This morning sofar DLRx appears to be tilting down.
There currently is little to suggest a turn to the upside unless, imo, bonds turn uP their yield. Why that would happen is reasonably prognosticated by Bill Gross:
Bloomberg – May 2, 2024 — Gross says 10-year yields will rise above 5% in a year · Government will increase debt supply to keep economy growing.”
I trust bonds as timing indicator for MY trading tactics but , currently, I can not / don’t want to afford position trading (via long DLRx for example) for a while yet.
