Multi-Market Status: Stocks, Commodities And Gold
It has now been exactly 10 months since we established 2410 as the measured objective for the S&P 500. In forming a potential double top this week at 2405.77 Iâ??d say we are close enough to call the target in (as we did in February when the first top was made on what we called â??peak Trumpâ? day, post-congressional address).
Growth or Inflation?
The Federal Reserve states that its goal is to promote employment and economic growth while regulating inflation. As if it is as simple as pulling levers, tweaking a few knobs and dialing up just the right amount of inflation per unit of economic growth. The hubris and ego involved here is incredible.
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