The market makes a predictable puke upon reading what it already knew it was going to read. Yes, we are operating in a cartoon. What did the market think, that the FOMC was going to put on record their exact plans for avoiding a total loss of control?
July looks like a chop month with some markets searching for bottoms and others in pullback and grind mode. The Fed is noise until it gets off the stick and perceives that it is a palatable time for it to do something about what is becoming uncomfortably low errr, inflation.
It's Wonderland I tell you.
http://www.biiwii.blogspot.com
http://www.biiwii.com/analysis.htm
Subscribe to NFTRH or
Subscribe to the free eLetter
July looks like a chop month with some markets searching for bottoms and others in pullback and grind mode. The Fed is noise until it gets off the stick and perceives that it is a palatable time for it to do something about what is becoming uncomfortably low errr, inflation.
It's Wonderland I tell you.
http://www.biiwii.blogspot.com
http://www.biiwii.com/analysis.htm
Subscribe to NFTRH or
Subscribe to the free eLetter
No comments:
Post a Comment