A Tough Call Developing for the Fed

As the Fed studies the data for May, so far it has received mixed cues. Some of it appears to be anomalous and not perfectly understood, but some of it at least seems substantial whether it proves to be or not. It all serves to create uncertainty in the market, though the loudest voices are sounding off against the likelihood of Fed rate action anytime soon. It makes for a sketchy situation for the upcoming FOMC meetings, and it might serve to stir up more volatility for markets if Fed wisdom proves different than common perception of it. Unfortunately, there is not much time or more data for a clearer perspective to develop before the June meeting, but July could still be in play. See the whole story at Sketchy Situation Developing for the Fed.

Security Sector	06-06-16 Early Indication
SPDR S&P 500 (NYSE: SPY)	+0.2%
SPDR Dow Jones (NYSE: DIA)	-0.0%
PowerShares QQQ (Nasdaq: QQQ)	+0.2%
iShares Russell 2000 (NYSE: IWM)	-0.2%
Vanguard Total Stock Market (NYSE: VTI)	+0.3%
Financial Select Sector SPDR (NYSE: XLF)	+0.0%
Technology Select Sector SPDR (Nasdaq: XLK)	+0.0%
Energy Select Sector SPDR (NYSE: XLE)	+0.2%
Health Care Select Sector SPDR (NYSE: XLV)	+0.2%
Consumer Discretionary Select Sector SPDR (NYSE:  XLY)	-0.0%
Consumer Staples Select Sector SPDR (NYSE: XLP)	+0.0%
Utilities Select Sector SPDR (NYSE: XLU)	+0.0%
Materials Select Sector SPDR (NYSE: XLB)	+0.1%
Industrial Select Sector SPDR (NYSE: XLI)	+0.0%
iPath S&P 500 VIX ST Futures (NYSE: VXX)	-0.3%

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