Market Testing the All-Time High

In after hours trading the SPY reached a new all-time high. Expectations for a Fed rate cut are high.

PRE-OPEN MARKET COMMENTS TUESDAY - The market is waiting for a quarter point rate cut tomorrow and the odds of a 50 basis point rate cut have climbed to 60% based on Fed Funds Futures. Those odds have increased steadily in the last week. This is a very crowded trade and call options on bond futures are at record highs.

Daily Bulletin Continues...