Back on the Fire

Well after a long weekend trip, not much to say. It looks like the market is starting to get tired. It is not exploding for no reason like we have seen in the near past. We have some decent news coming out this week. The GDP should be a big event since that will drive thoughts on future interest rates. If anything has proven to be able to move the market, it has been the market's feeling on interest rates. On that note, we have the minutes from the past FOMC meeting being released. That should give us a better idea about the true feeling of the FOMC. We seem to be at a pause. The only question is up or down from here. I think we'll be able to answer that question in the next week or two. I think whatever mood develops in the next two weeks could prevail througout the summer. I personally expect to see some time of correction to get prices back down and remain in a channel for the rest of the year unless something changes. That's all for today. Time to get some rest.