Exactly right Jeff. Next FED meeting Jan 30-31. Get ready for JP to say nothing and do nothing and the market will love it.
P.S. Looks like the dip buyers took the first couple days of the new year off, but they’re back in spades.
Nvidia was down 4% the first 2 days of the year then it up over 15% in the last 6 days.

The bond market isn’t listening to Jim, nor is it listening to CPI, or even the Fed itself. The recent dot plot had the Fed looking at the potential for 3 cuts this year; the bond market has been pricing in 6, and as of today in now pricing in almost an equal chance at 7 rate cuts by the end of this year.

Wasn’t aware but thx for pointing that out. UNG has done a decent, not perfect but decent, job of tracking nat gas futures although my preference is to trade the futures vs. the ETNs. I can’t think of any reason the split will affect UNG negatively although ETNs always carrier additional (issuer) risk that ETFs don’t. ETNs are effectively an IOU from the bank or investment company issuing them & may contain some obscure & unfavorable (to the shareholders, never the issuer) terms & conditions so always DYODD & never put too much into an ETN.