The monthly pace of the CPI is rising further:
It is coming after a period of slow-down (to the horizontal line) which was not unusual. This is why I think the Fed will not go further yet with quantitative easing. The market, however, can rise into the FOMC on Tuesday. If it does, it will be a good short after the announcement.
4 comments:
AD, I think you are right. Due to market ramp up in such level and it is time for some pull back. Also, PIMICO's holding also support that QE II should be delay this time: http://www.zerohedge.com/article/pimco-offloads-40-billion-treasurys-frontrunning-fed-creates-billions-profits-gross-does-not
GL
Tony
very intriguing article, Tony.
thanks
Adi,
Have a great weekend, next week is going to be fun, thanks.
you too cc02.
let's hope for fun and profitable!
Post a Comment