MARKETS,Anybody even yet?

[dinghy]

I'm strapped in for FOMC. Market is expecting a quarter-point cut at each of the three remaining meetings this year.

[olds442jetaway]

I’m not quite sure how things will play out. I think the gap between the haves and have nots is widening. Rate cut will cost Berkshire 3 Billion in interest earnings. Won’t help me either except a few exceptions. I will need to find some more stable dividend plays to offset the income loss.

[olds442jetaway]

Looks like the market bought on the rumor and is now selling on the Fed rate cut news. I was able to sell SII just off the highs 71 and change. I’ll take my quick 300 bucks and run.

[dinghy]

Rate cut will cost Berkshire 3 Billion in interest earnings.

I wonder about that. The 2 year Treasury had already traded down to 3.5%, so is the Fed merely following the free market? Or is the market anticipating the Fed?

I was able to sell SII just off the highs 71 and change.

Gold miners seesawed up, and then DOWN! I assume the latter was in reaction to hawkish comments from chairpowell during the presser, but who cares what he thinks? He's a lame duck.

[olds442jetaway]

I just added to my EMD holdings. It pays monthly about 10 percent a year. Over the last 18 years, it has returned 193 percent. Not bad.

[dinghy]

I just added to my EMD holdings.

I own EMLC and VWOB.

EMD may be more aggressive. During the tariff crash in April, EMD plunged 10% while the others dipped only a couple of percent. But in the recovery, EMD has pulled ahead of the others.

Today I bought more FLO Flowers, at 13.33. I've been chasing it down since 15.51.

My only other buy this week was BMA Banco Macro.

[olds442jetaway]

I read a lot about BMA. It’s still on my watch list to grab some on a dip. The 2 you mentioned above hopefully will do well with the Fed rate cuts and probably 2 more to go. I would like to pick up BNA at about 41

[olds442jetaway]

BMA

[dinghy]

BMA

I love-hate the opening moments of trading. Stocks often move sharply for no apparent reason, but bid-ask spreads usually need several minutes to settle down.

For example, I wanted to buy GGAL (Grupo Galicia) but was looking at a nearly 40-cent spread on a 28-handle stock. Now I'm stuck waiting for a pullback. Same for BMA, which dropped below 42 for a moment or so. I'm holding out for a near 26 entry into YPF. Let's see if my discipline serves me well.

edit: GGAL filled at 28.68

[dinghy]

YAY. YPF filled at 26.13.

BMA filled! 41.97.