July 31, 2024
Mish's Daily
By Mish Schneider
Early today, before the FOMC meeting, I went on Forex Analytix, better known as F.A.C.E, for a pre-market interview.
I discussed gold, silver, dollar, oil, bonds the Economic Modern Family and what I see as future trends for investing.
Later, the Fed announced they would keep rates the same.
But they also hinted there might be a cut in September.
Traditionally, the FED always gives us forward guidance or relays when they are going to change monetary policy.
Except, of course, if there is a crisis impending, which is an example of chaos theory.
Bottom line is the original statement in the interview is the title of this Daily.
Are we headed for a new round of inflation, recession or a soft landing?
The market will tell us and until then it really is anybody’s guess.
Please listen to the interview and you will get a very good sense of how both I and Dale Pinkert are thinking right now.
Educational purposes only, not official trading advice.
For more detailed trading information about our blended models, tools, and trader education courses, contact Rob Quinn, our Chief Strategy Consultant, to learn more.
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Mish in the Media-Want to see more? All clips here
Business First AM Why Saleforce.com is compelling to be on your radar 07-31-24
F.A.C.E Mish discusses gold, silver, dollar, oil, bonds the economic modern family and more 07-31-24
Business First AM Mish discusses long bonds, heavy data week and why the Olympics put 2 good stocks on her radar 07-30-24
Benzinga Pre-Market Show Mish and team discuss the rotation and with the heavy week of data, is this rally sustainable 07-29-24
CNA Asia First Look at the merits of the Market itself 07-26-24
Business First AM All about long bonds TLT 07-24-24
Money Life with Chuck Jaffe Podcast-Mish leans optimistic with some caveats plus a bit about the election 07-23-24
Business First AM 3 Keys to Trade the Market 07-23-24
BFM Radio Malaysia ITS ALWAYS GOOD TO TAKE SOME PROFITS 07-16-24
Schwab Network The Inside Sectors Or Economic Modern Family 07-16-24
Coming Up:
July 31 CNBC Street Talk
August 2 Yahoo Finance
August 5 Breakfast Bytes Singapore radio
August 7 IBD podcast
August 8 Wealthwise with Jordan Kimmel
Weekly: Business First AM, stockpick.app
ETF Summary
S&P 500 (SPY) 540 support
Russell 2000 (IWM) 217 support 227 resistance
Dow (DIA) 400 support
Nasdaq (QQQ) support at 463
Regional banks (KRE) 54 now support with 60 next level to watch
Semiconductors (SMH) 230 important support
Transportation (IYT) 64.10 support 67 resistance
Biotechnology (IBB) 146 support 150 resistance
Retail (XRT) 77.50 now support
iShares iBoxx Hi Yd Cor Bond ETF (HYG) 78.00 support
Every day you'll be prepared to trade with: