Day two and still acting strangely. Yesterday morning I mentioned this and although the dollar gave us an excuse, I said I didn't believe it was the dollar.
Today commodities are down again and so is the dollar so there is no dollar excuse today. Something is seemingly creating an inflation scare, as I mentioned yesterday, despite what analysts think about Bernanke's Q&A and the FOMC decision (essentially keep rates where they are now and say that inflation is transient) something doesn't feel right with commodity action and that in my opinion s largely centered on inflation and the FOMC meeting.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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