its a tough market regardless of the volitility which a trader wants. volitility is one thing,whip saws are another and being shaken out of trades becomes commen place so.
Yesterday captured small profits, today sitting at breakeven. Range trading after a mini trend down. My broker is doing well. Right now the market wants rate cuts, unless we continue lower and economic data comes in super weak is the only way to get a cut. If you were the fed you would be looking at the markets today and saying to yourself, looks like things are stabilizing. Best to sit tight lets look at the incoming data before pulling the trigger. The more the market rally the less likely we get a rate cut, the end.
FED'S LACKER SAYS MARKET VOLATILITY DOES NOT REQUIRE A RATE CUT; POLICY MUST BE GUIDED BY FUNDAMENTALS - Lacker states recent housing data has dampened his optimism - He reiterates that labor markets remain tight - provision of liquidity should not interfere with markets assessment of pricing of risk - still reasons to be concerned by inflation outlook<TLT SPY> That hit around your post. Funny how fed funds futures didn't move AT ALL.