The Consumer Price Index came in higher than forecast this morning, but the details of the composition of the number suggest it was 'warm' rather than 'hot.' So stocks rallied back hard into the close.
The Consumer Price Index came in higher than forecast this morning, but the details of the composition of the number suggest it was 'warm' rather than 'hot.'
So stocks rallied back hard into the close.
Did I mention that there is a stock option expiration on Friday.
Gold and silver got nailed, because it was a risk on rally after all.
These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from learning by my mistakes, which are many. As a standing policy, I never provide individual investment advice to anyone. I will only occasionally disclose my personal positions for the purposes of illustration. Understand that my own circumstances could differ greatly from your own, and therefore what is suitable for me may not be suitable for you. My comments are intended to be reflections on general macro financial and economic events and trends.
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