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I wish to provide one chance about subsequent month. Particularly, I imagine that the earnings studies are going to begin to make crystal clear to the investing public that the tide has turned, and it’s not a very good time to be in shares. I believe an essential selloff will achieve acceleration as one unhealthy report follows one other.
However right here’s the attention-grabbing twist: it simply so occurs that the following FOMC announcement and press convention is on July 27, which is proper on the tail finish of the meat of the earnings season. In different phrases, about 80% of all of the actually cool and attention-grabbing corporations can be accomplished reporting. If, the truth is, the market is getting blown to smithereens, it makes a specific amount of sense that the Fed will pull one thing out of its hat at that assembly to stem the move of blood.
It is only a thought.
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