Bauer: Dollar Rally Could Hold, Sell Rallies on Crude Oil & Buy Dip on Gold
Schwab Network · Schwab Network
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Show Notes
Scott Bauer does not expect a rate cut this week but is still listening to Fed commentary. He looks ahead to the July jobs report, saying a miss could lead to a rate reduction in September, but warns the Fed is watching plenty of other economic indicators. For example, Thursday’s PCE report could “come in hot” and push the 10-year higher, hitting equities. Looking to the dollar, he thinks the rally off lows could hold, especially with trading deals being announced. He still wants to sell rallies for crude oil and buy the dip on gold.
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