They might disappoint if they do cut. The thing is the Fed has only been moving 0.25% at a time -- they might need to move 0.50% down by next week. Currently Fed funds rate is 2.50%, but 1-month treasuries are yielding 2.15%.
I can't bring myself to invest in any of the defense contractors even though war with Iran is seeming more and more inevitable. Keep getting the order ready for RTN, NOC, etc but can never pull the trigger.
The numbers: Industrial production rose 0.4% in May, a solid and broad-based gain helped by increased production of pickup trucks and cars, the Federal Reserve said Friday. It was the strongest monthly rise in six months. Capacity utilization edged up two-tenths of a point to 78.1%. https://www.marketwatch.com/story/i...tive-output-rise-2019-06-14?mod=mw_latestnews
Looks like retail sales data was pretty good this morning I guess the rate cut odds for next week or even next month have to be coming down a little bit Would be interesting to see how this market reacts if the FED is less dovish than expected
