Monday DOW Drop Crushes Odds of Multiple Rate Hikes for 2018 – Mike Swanson (02/06/2018)

Fed Fund futures have taken away the odds of four rate hikes this year to zero and the odds of three rate hikes is now less than 50%. The odds of even a rate hikein March is around 70% (down from 90%) and after that one in August as a possibility instead of June. This is an interesting discussion about this on CNBC from yesterday (just ignore the Cramer rants which are nonsense).

Of course this will be bullish for gold investing and even the junior mining stocks…..

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