Daily Alert – Tues 9 July: Tomorrow is a big day for the Fed, and us

Mark Nugent Daily Alert, July 2019

Daily Alert – Tues 9 July: Is the Fed hawkish or dovish?

It’s quiet on the markets so far this week as we await Fed Chair Powell’s testimony on Wednesday and Thursday. First the Fed were hawkish, then dovish (after a Trump-inspired rethink), then, two weeks ago, not so dovish. Clarity is required and this week gives ample opportunity for Powell to paint a clearer picture.

His testimony begins at 3pm UK time tomorrow so I hope we have something to chew on for the webinar at 7pm.

I think I’ll be keeping my capital safe until then.

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