Never in the history of financial endeavor have so many, done so much, for so few.

But today the Fed did nothing about its benchmark rate today, and provided only minor tweaks to its statement.  This was as expected.

There is a high probability that they will raise rates in September. They will do so unless the economy visibly falls off the rails.

They wish to get the short term rate high enough to give themselves room for policy actions, eg. 'cuts', when this current bubble which they have created implodes, for the third time since the recent turn of the century.  But they must move slowly, or they risk inverting the yield curve, which is an ominous sign for the equity markets.

Stocks were weak all day, with the SP 500 showing the greater weakness as compared to big cap tech in the NDX.

Gold and silver were off a bit. What a surprise.

The US Dollar was marginally higher.

Need little, want less, love more. For those who abide in love abide in God, and God in them.

Have a pleasant evening.