The Federal Reserve cut interest rates by 25bp yesterday and hinted that they will pause when they meet again in June. In response to this shift, the market immediately priced in an 85 percent chance that interest rates will be left at 2 percent at the next two monetary policy meetings.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for May 1.

The longer the correction is delayed, the more we live in darkness and error, and the more it costs to fix things.

The Institute for Supply Management is expected to report that their survey of conditions in the manufacturing sector fell to a five-year low of 48.0 in April from 48.6. However, data from the Philadelphia, Richmond, and Chicago Federal Reserve regions all show that conditions remain weak.

The ongoing housing recession has led many to believe that the US economy is in the midst of a real economic recession, and the upcoming GDP report will go a long way to dispel or confirm such pessimistic sentiment.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for April 30.

The Fed is unlikely to fall victim of a sudden attack of monetary integrity. The dollar is unlikely to rise very far against gold.

Fed officials face a tough decision when they weigh the risk of deteriorating growth with that of rising inflation.

Professional system trader Art Collins shares his daily biases in the index, bonds and currency futures markets for April 29.

Money and credit are flooding the system, but many investors still drowning.