According to my risk summation system, the day this week with the highest risk of seeing a turn in or acceleration of the current trend in the DJIA is Monday June 3rd which is an extension of the end of last Friday afternoon's risk window.
Last week I'm disappointed that neither risk window caught the Thursday low. Both appeared to have caught acceleration events, so neither is a dud. The Friday afternoon risk window stretches into Monday the 3rd, so it yet may amount to something more significant.
No Fed talk this week in the quiet period before the meeting, so that's nice. All eyes will be on the economic numbers looking for signs of a slow down which might justify Fed easing in the near future. The 2 year note indicator below says the Fed funds rate should come down by a half a percent or so now, so look for cuts coming soon. Question is will it be soon enough to compensate for any economic slow down which drives the cuts.
Regards,
Douglas
