by Chuck Butler
Daily Pfennig
Good Day… And a Wonderful Wednesday to you! Well, here I am, sitting here in the office, all by myself, I’ve already walked through the office to get a glass of cold water, singing Love Potion #9, and now Peter Gabriel greets me this morning with his song: Sledgehammer… And so, today begins… I had some time for reflection last night, as I was home alone, and the Cardinals were being rained out. I won’t get into my reflections, but I think I’m onto something in my life, so more on that as time goes on…
Well, the dollar has taken the conn back from the currencies and metals after an article in the WSJ from John Hilsenrath, the self-appointed, “Fed Watcher”, who wrote that “Fed Officials Gain Confidence They Can Raise Rates This Year”, and a Fed rate hike could come as early as September now that financial markets have stabilized after the BREXIT vote to leave the EU…