The usual suspects are out there banging the drum for the Fed to hike rates in September today.
Let's see how the Non-Farm Payrolls report comes out tomorrow morning.
The rest of the data today was nothing to cheer about.
I think the Fed might be in a race with the equity markets. They do not look healthy at all, for all the reasons we have discussed, and mostly been ignored.
The risks will be especially greater in the next eight to ten weeks.
US Financial Markets: Theater of the Aburd
Have a pleasant evening.
