Early today, before the FOMC meeting, I went on Forex Analytix, better known as F.A.C.E, for a pre-market interview.I discussed gold, silver, dollar, oil, bonds the Economic Modern Family and what I see as future trends for investing.Later, the Fed announced they would keep rates the same.But they also hinted there might be a cut in September.Traditionally, the Fed always gives us forward guidance or relays when they are going to change monetary policy.Except, of course, if there is a crisis impending, which is an example of chaos theory.The bottom line is the original statement in the interview is the title of this Daily.Are we headed for a new round of inflation, recession or a soft landing?The market will tell us and until then it really is anybody’s guess.
ETF SummaryS&P 500 (SPY) 540 supportRussell 2000 (IWM) 217 support 227 resistanceDow (DIA) 400 supportNasdaq (QQQ) support at 463Regional banks (KRE) 54 now support with 60 next level to watchSemiconductors (SMH) 230 important supportTransportation (IYT) 64.10 support 67 resistanceBiotechnology (IBB) 146 support 150 resistanceRetail (XRT) 77.50 now supportiShares iBoxx Hi Yd Cor Bond ETF (HYG) 78.00 supportMore By This Author:The Olympic Trading Game
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