Tomorrow, I will pay close attention to gold, oil, and the dollar for signs that they might hold the FFR.
So far tonight, Asia is down slightly. The Nikkei 225 is down 75 points.
As for the best fund to play for Wednesday, IMHO, it's the I fund.
Here's why:
On Wednesday morning, the I fund will probably finish up as the USM awaits the cut. Once the Fed cuts, the USM will shoot up causing a +FV, and the dollar will fall further adding to the +FV. I fund wins.
On the other hand, if the Feds hold, the I fund's gain from the morning will act as a cushion so the hit in the I fund will not be as big as the C or S.
I will probably play this for just one day, so I will be out at COB Wednesday.
What do you guys/gals think?