Image Source: PexelsThe markets are pricing in the expectation of a Fed policy pivot, signaled by a rate cut at their next meeting in September.The question is whether the cut will be 25 or 50 basis points.Stocks ranged, finishing just a little lower.Gold and silver were just slammed in the early trading, with a determined move to run the stops of the speculative traders.The prices quickly recovered in the aftermath of this blatant trading gambit.All eyes are turning to the Non-Farm Payrolls report on Friday, in the hopes that this may illuminate the Fed’s future rate decisions.This is an artificial market— a construct.It lack’s stability.Have a pleasant evening.
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