Investors are actually bidding markets higher amid news of the hottest inflation read in 13 years, and biggest jump in food and energy prices in 29 years.
A logical person might think, ‘gee, the Fed is going to finally have to do SOMETHING, to help curb this ever-increasing inflation.’ But, that would be assuming Fed Governors are logical.
Fed officials, I’m afraid, are not.As such, the market anticipates the Fed will (once again) do nothing…and THAT is lending some significant support to early trading. U.S. stock indices were all higher at the start of trading, despite the inflationary read on CPI […]
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JD Rucker – EIC