"Tomorrow, and tomorrow, and tomorrow,
Creeps in this petty pace from day to day,
To the last syllable of recorded time..."
William Shakespeare, Macbeth
Another sleepy summer day in the markets.
We wait, with bated breath, for the AAPL results after the close.
Tomorrow we will be getting the FOMC rate decision. They are widely expected to cut their benchmark rate by 25 basis points.
And immediately after that, the markets will begin to focus on what they will do next.
Is this a one and done, the first of a pair, or something even more in the sugary asset bubble category?
The Non-Farm Payrolls Report on Friday may help to prob that thinking.
The only surprising thing about today, at least to me, was the surprising strength in the broader market, the Russell 2000, even while the lead sled dogs in the SP 500 and NDX were faltering.
Gold and silver showed a little strength while the Dollar went sideways.
We are in day three of this latest 'heat wave' and the thunderstorms are on their way, hopefully to clear this miasma of heat and humidity out.
Things are quietly on a low rolling boil overseas, in various places.
Easily ignored by the news it seems, at least for now.
Have a pleasant evening.
