Looks like everyone is trying to position themselves for tomorrow. Ups and downs and in the end not much movement. This is true of stocks and bonds. Guess everyone is going to end up flattish.
I just looked at my accounts sreadsheets and the lack of movement overall is crazy–$144. I just looked at my google spreadsheet today–didn’t open any of my actual accounts (except my uhaul Investors Club accounts).
This morning we had a few economic numbers and all of them came in stronger than expected. The JOLTS (jobs opening) came in at 10.7 million jobs available–compared to 10.3 million last month and a forecast of 9.8 million–if that is close to a real number the economy remains strong. I think Powell just put another hawkish arrow in his quiver.
Tomorrow will be another do nothing day for my accounts–there isn’t one damned thing an investor can do. I expect a huge kneejerk move in markets–but I don’t have a clue whether that will be up or down.