Ala some speculation of more QE hints from the Fed at today’s meeting , stocks are rallying so far on the same no volume– three robots trading. Bonds have sold off a bit which might confirm this idea and that more QE would prove inflationary. But at the same time, in a spectacular display of conflicted signals, gold is down and the US dollar has broken back above 80 as against the basket of global currencies. All in an afternoon at the mad bankers tea party…stay tuned.
Cory’s Chart Corner
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