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  • US: Sticking the Soft Landing

    From economics.bmo.com

    These are one of those times when one should look under the hood, read between the lines, look beneath the surface, take a few extra moments.... well, you get the idea... before interpreting a data release.... At first glance, the initial reaction was "What? U.S. consumer confidence rose?" and "What? Job openings are still over 8 million?" Intriguing, indeed. But revisions paint a different picture for these releases. 1) Consumer confidence rose. According to the Conference Board, the headline index climbed 2.5 pts in July to 100.3, which was unexpected. However, the increase was not enough to erase June's ... (full story)

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The landing isn't over. Please remain in your seats with your seatbelt fastened, until the economy has come to a complete stop.
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Soft landing narrative will endure in 2024 it seems, but the same cannot be said for the next year or the year after.

JPY pairs have marked their highs and that is telling a lot about what's to come in the future.

*Powell not to give any hints on rate cuts during the Press Conference

Are you folks ready for a big red day for precious metals and a great buying opportunity tomorrow?
Don't buy too soon! Timing is key now!
TAKEOFF
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