The market’s first move in response to the Fed Decision was down, but it’s second move was up – big (Intraday Chart).
Mark it down. About 30 minutes ago, when the headline “Intel 4th Quarter 38 cents EPS” was sent over the wire services, the bear market of 2008-09 began. Not only did we close at 9 month lows today but we’re…
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The war makes inflation more intractable – Steven Blitz, Chief US Economist, TS Lombard (quoted in Nick Timiraos, “Fed Wrestles With The Challenge Of How Quickly To Raise Interest Rates” [SUBSCRIPTION REQUIRED], WSJ A1, Tuesday 3/15). The Fed is highly…
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(Via Infectious Greed)
The core problem for the dollar remains that risk appetite is good, U.S. interest rates are extremely low and the Fed has done a good job telling us they will stay low a long time. The market is under a…