Tag: $SPY
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A September Bounce: Eyes On CPI Data
The Setting In the past few days the market has seen a surprising bounce. The question has arisen, why? Jerome Powell spoke at length with the Cato Institute and once again delivered his message that the Fed is going to fight inflation to the very end. Their goal is absolutely the 2% target we’ve all…
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September Dawn, Return of The Fed
The FOMC minutes hit today and they read fairly hawkish to me. The elusive Fed pivot was no where to be seen in the minutes and the drop in commodity prices was addressed as being insufficient to convince them that inflation is a done deal. Recent earnings reports were a mixed bag from the giants…