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I’ve been in this business for nearly 35 years and
yesterday will rank highly as one of those really weird days.
But let’s face it, bulls have more
cash to invest [that pesky bullish bias at work] while bears might be a little
As suggested yesterday,
we’re also getting some end-of-month performance anxiety with associated propping.
It seems that our Fed has gone soft on fighting
That’s the message
gold, dollar and other commodities are sending.
The Fed is mandated with two primary
tasks in their overall mission: providing an environment for economic growth
and fighting inflation.
question then must be, just how bad are things?
That’s a pretty scary thought when
all pretense of inflation fighting is abandoned.
Remember one more thing, stocks can
Some wise traders have routinely advised to not listen to
financial news and just focus on the tape because everything you want to know
is baked into prices streaming across it.
Have a pleasant day.
Disclaimer: Among other issues the ETF Digest maintains long or short positions in SH, PSQ, FDN, MYY, RWM, IEF, GLD, DBC, DBE, DBS, DBA, ILF and EWZ.