Fed’s Rosengren not on board for rate cut: ‘I think we should wait’

KEY POINTS

The market will continue to swing as the FED PREPARES – to confuse the market with different signals. We will continue selling USD and BUY PHP Peso. Philippine Stock is our next chase as the Top 15 Stocks looks good.

Bloom, Ayala and BPI are our favourites for this week.

GLOBAL MARKET on the other hand looks different as Energy sectors goes almost 10% lower; Commodity based currencies all rally to new highs and will continue to rise as long as the FED maintain to cut rate.

PHILIPPINE STOCKS INDEX – PSEI Look good for a new high this week. We continue to BUY.

BE CAUTIOUS MOVING FORWARD AS THE FED MIGHT DISAPPOINT THE MARKET WITH NO RATE CUTS…

The Fed could be about to disappoint the market, warns Well Fargo Securities

Wall Street’s Fed frenzy might not turn out how investors expect.

That’s at least according to Michael Schumacher, global head of rate strategy and managing director at Wells Fargo Securities, who said investors may find themselves disappointed by the Fed’s next move.

Many on the Street expect the U.S. central bank to slash its benchmark interest rate at the next Federal Open Market Committee meeting in late July in response to weakening economic data domestically and around the globe. The CME’s FedWatch tool currently shows traders pricing in a 100% chance of a July cut.

But what the stock market is pricing in with regards to Fed policy might be too aggressive, Schumacher told CNBC’s “Futures Now” on Thursday.

“We think they’ll come in and do two moves, so 50 basis points total [worth of cuts]. The market’s priced for something like 65 or 70 basis points,” Schumacher said. “So, in our view, at least at Wells Fargo, we think the Fed is, in some strange way, going to disappoint the market by not [cutting] as much as it already anticipates.” Read more @ https://www.cnbc.com/2019/07/12/the-fed-could-be-about-to-disappoint-the-market-well-fargo-securities.html?__twitter_impression=true&recirc=taboolainternal

This going week we will do our FREE 3DAYS CLASS – Students are coming from all over Philippines to Surigao – Togbongon to attend this class. Is once again will be a fun class and read learning on how to trade the Stocks & Forex professionally!!!

LEARN MORE WITH FINWAZE FOR FREE – CALL SHARON @ 09199104104 FOR FREE 2 DAYS CLASS – You will learn Philippines “HOW TO TRADE BITCOIN”  and also how you leverage the banks in the Philippine to make money.

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