I didn’t get around to a chart analysis this weekend. I have a second interview on Tuesday for a job I really want and can’t seem to think of anything else. As luck would have it, my interview is in the afternoon, around the time the Fed will be cranking out the near-term future for us.
Until the Fed spouts, I’m staying on the sidelines anyway (probably). No cut means the economy seems fine in the eyes of the Fed, but the banks will be screwed. 1/4 point cut shows they’re moving their thoughts towards helping out, but the economy isn’t fully feeling the effects yet. 1/2 point cut means they are here to help, but also that maybe the economy is worse than we thought already. It’s going to be an interesting afternoon on Tuesday and not just because I’ll be in four hours of interviews.
In short, there’s a silver lining in any move or non-move and there is also a dark side of the cloud that will be looming no matter what. With four years since the last cut I might be glad I won’t be there to trade. Anyway, I’ll get back into my investing head once I land this job. Positive thinking all the way, think good thoughts for me…