I will be brief commenting on the FOMC meeting. The Fed does not see a problem or so they say. The economy is just dandy. They do not have your back for now. They will need the market to go much lower first before they can act. Look at bonds hitting new all time highs today! They are screaming deflation. There is now an air pocket of Central Bank news flow and earnings overall are coming in weak. The path of least resistance is now lower IMHO but it will be very choppy. If you are long the “Central Banks have my back” meme it is now up to Draghi. A chilling thought.If you enjoy the content at iBankCoin, please follow us on Twitter
Recovering Large Cap Growth PM. How I invest my own money is nothing like how I had to play the insane benchmark game.
Joined May 7, 2014
165 Blog Posts