Make Way For Uncle Buck - Wednesday, August 20
Hey guess what? The Fed had some Minutes out today in which they ruminated about the employment market and inflation targets. Mr. Plosser was the rational one as usual, talking about what could happen if rates needed to be raised sooner than the market anticipated and other Gloomy Gus stuff like that.
Anyway, Unc got a new spring in his already bouncy step. The self-explanatory daily chart is from this morning’s pre-market NFTRH key ETF update, created before this latest burst obviously. The US dollar – so doubted by so many only a couple months ago – is now getting over bought.