The interwebs are fairly active this holiday Sunday, which is surprising. I just assumed people would be boating and eating BBQ meats, not scouring through market research ahead of the short week. And while I appreciate the idea flow, it makes me think the markets will set out to frustrate as many people as possible next week.
What would be the most frustrating course of action after ultra violent rips lower and higher?
A mindless drift, perhaps with a head fake or two.
Thus, this is my core thesis heading into the first official week of July trade—a whole lotta nothing.
Keep yourself sharp, however, because in the distance I hear white noise…the whisper of a waterfall perhaps. The only scheduled catalyst on deck is due out Friday morning. Watch how the market reacts to NFP, it will tell the story for July.
Until then let’s celebrate freedom by filling coffee cans with firecrackers and launching bottle rockets at our neighbors, being real menaces like our Founding Fathers.
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