Next week it is all about JJ and the FOMC. We are now in the ‘quiet period’, the ‘blackout period’ where voting members of the FOMC committee can no longer speak to the media the meeting begins next Tuesday and finishes on Wednesday so the only ones we can hear from are the ‘non-members’ and the ‘deep throats’ Nicky T of the Wall Street Journal and our friends at Goldman. Keep you eyes and ears open If there is a change of heart at the FED one of them or all of them will blanket the airwaves…..Nicky T will write a front page article, Goldman will publish a ‘Special Report’ and Neely Kashkari will be front and center on CNBC because someone (JJ) whispered in their ear about a ‘change of heart’…..and they do not want the market to be surprised…. Understood? But to be clear, the FED is not cutting rates next week or next month or later this year UNLESS the economic data circles the drain.📌