Next week will see an FOMC, in which the Fed is widely expected to cut its benchmark rate by 25 basis points.

I do think that ordinarily, the market would sell the news. 

But the scenario is complicated a bit by the Non-Farm Payrolls report on Friday.

So the market may hold off a bit, waiting to see how that number comes in.

It is a kind of Jekyll-Hyde market and the economy.

On the one hand, things are fantastic, and the economy is booming like never before. We just need to keep doing what we are doing, with these great tax cuts and continuing deregulation. No problems to be seen, except maybe too many poor people.

On the other hand, the Fed needs to cut rates which it only recently increased, because they are 'stifling' economic growth and holding us back from even more exceptional achievements.

Personally, I think just about everyone in the Beltway and Manhattan is full of it. And they don't care.

Well, putting that aside, let's see how this avalanche of economic news, and a dictate from the Fed, plays out next week.

The Dollar strengthened today as Larry Kudlow, CNBC/Wall Street spokesmodel and now presidential economic advisor, said that 'Dollar intervention' is off the table, meaning that they would take no action on Trumpolini's desire for a weaker Dollar.

There is no scenario whatsoever under which the US does not intervene in most if not all of the markets, and on an almost daily basis these days.

I doubt that things will become better on their own since reform and justice are almost friendless among the powerful.

What then are we to do? 

What everyone has had to do, throughout the history of the world.

Stand firm, and remain standing with the light, not on your own strength alone, but trusting in the word of the Lord.

Have a pleasant weekend.

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